Breaking: Facebook Filing IPO On Wednesday

The Wall Street Journal reported today that Facebook, the leader in online social networking, may be filing for an initial public offering this coming Wednesday.  Citing an unnamed source, the company is expected to value itself between $75 and $100 billion.  It’s believed that Morgan Stanley will receive the long-awaited IPO deal, though many expect Goldman Sachs (NYSE:GS) will also play a significant role,as well.  The popular social networking company has been private before this point, and its entry into the public market has been long anticipated for its potential value as a commodity.

To contact the reporter on this story: Jonathan Morris at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com