Facebook To File For IPO As Early As Wednesday

Facebook is expected to file papers for an IPO next week on Wednesday. The IPO is expected to value the company at between $75 and $100 billion. Morgan Stanley is expected to close the deal for underwriting the IPO. Goldman Sachs is also expected to play a large role in the deal. Other executives are saying considering filing a few weeks from now.

With a valuation of between $75 and $100 billion, Facebook is looking to raise about $10 billion. The $10 billion Facebook would raise would rank fourth largest among U.S. companies after Visa, GM, and AT&T Wireless. Facebook would be worth about the same as McDonald’s and about half of Google.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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