Facebook IPO Could Come Next Week (MS)
Social media company Facebook could file for an IPO as early as next week according to a report in The Wall Street Journal. The company has nearly settled on Morgan Stanely (NYSE: MS) as the lead underwriter for the offering.…
Social media company Facebook could file for an IPO as early as next week according to a report in The Wall Street Journal. The company has nearly settled on Morgan Stanely (NYSE: MS) as the lead underwriter for the offering. Facebook is said to be seeking a valuation of $75-$100 billion in the IPO.
At sharespost.com today, Facebook shares are trading at $35, yielding a valuation of $82.5 billion.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.