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.
Contact [email protected] for any questions or corrections.
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.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks