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.)
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