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Facebook to file for IPO this week – Rumour
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Facebook is reportedly planning to file for its hotly-anticipated IPO as early as this week, seeking to raise USD10bn in what is expected to be one of the largest tech public offerings in recent years. A Wall Street Journal (WSJ) report, citing people familiar with the matter, claims that the IPO could value Facebook at between USD75bn and USD100bn, with Morgan Stanley expected to underwrite the offering ahead of rival Goldman Sachs, though the WSJ claims Goldman could still “play a significant role”. While it is unknown whether Facebook will float on the New York Stock Exchange or the Nasdaq, reports claim it has reserved the ticker ‘$FB’ for use on either.
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