Facebook may file for it’s IPO next week
In a new report from the Wall Street Journal published a short time ago, they are saying that Facebook may finally file for their Initial Public Offering (IPO). Currently Facebook is a privately held company, and if they go public their stocks can be traded publicly and they can build on their capital dramatically.
The IPO if filed, is estimated to be in the range of about $100 billion, which if it pans out could be the largest tech IPO ever in history. It will also make Mark Zuckerberg the $24 billion dollar man.
WSJ was irritatingly clear that their source or sources were anonymous, citing “people familiar with the matter” several times and adding that the public offering could be filed as early as Wednesday of next week. WSJ went on to say that Morgan Stanley should be the underwriter that will be handling the IPO.
Facebook currently is the largest social network in the world, with over 800 million users dominating sites like Twitter, Google Plus and Myspace.