Facebook To File For IPO As Early As Wednesday
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
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.