Online kingpin could submit papers within a matter of days
Social network giant Facebook could file for its $100 billion IPO as early as this week, according to the Wall Street Journal.
The paperwork, if submitted, would set in train one of the most hotly anticipated company stock floatations of the internet age. Facebook would reveal key financial workings in such documents, and could be valued between $75- and $100 billion.
The company declined to comment on the matter.
Facebook’s is predicted will launch its IPO between April and June this year. Bank employees working with the company have been told May 18th will be crucial date, according to the newspaper, with Morgan Stanley directing the operation.