Report: Facebook to file IPO next Wednesday

Facebook is planning to file its initial public offering next Wednesday, according to a report from the Wall Street Journal. The exact timing is reportedly still being discussed.

The newspaper reported that Morgan Stanley is close to being picked as the underwriter for the company’s IPO, which is expected to have a valuation between $75 and $100 billion dollars.

Contacted by The Washington Post, Facebook declined to comment on speculation related to its IPO.

Late last year, sources close to the company told Bloomberg that Facebook could raise up to $10 billion with its IPO, making it the largest technology IPO on record. Visa currently holds the record for the largest IPO in history, having raised $19.6 billion with its 2008 market debut.

Facebook has made no secret of its plans to go public.

In a November interview with TV host Charlie Rose, chief executive Mark Zuckerberg said that the company would be making its equity “worth something publicly and liquidly” as a reward to its employees and investors.

Earlier reports from the Journal had indicated that the company was planning to go public between April and June, ahead of a required disclosure of its finances to the Securities and Exchange Commission this spring because the company has more than 499 investors.

(Post Co. Chairman and Chief Executive Donald E. Graham sits on Facebook’s board of directors.)

Related stories:

Facebook forces users to switch to Timeline, making their pasts more visible

Facebook said to plan record-size IPO

Facebook security breach raises concerns

Hayley Tsukayama covers consumer technology for The Washington Post.

business

economy

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read Business

business

economy

Success! Check your inbox for details.

See all newsletters

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.