Facebook IPO Filing: All the Dirt

The much anticipated initial public offering for Facebook could be filed for as early as Wednesday. But as for the actual date for the IPO, an anonymous source says, “timing is still being discussed.” The article reports that the estimated valuation for the company will be between $75 and $100 billion, raising $10 billion.

The WSJ also reports that Morgan Stanley (NYSE:MS) is the current front runner to be the “lead left” bank in the filing, but Goldman Sachs (NYSE:GS) will play a “significant role” as well. Many believed the IPO was imminent as the company began a three day secondary trade freeze on January 25. The IPO has been highly anticipated for quite some time, leading many company employees to sell shares on the secondary market to secure liquidity.

Mark Zuckerberg founded Facebook in February of 2004. The website claims more than 800 million members and has changed the way the world communicates. According to Dealogic, a $10 billion Facebook offering would rank the IPO as the fourth highest in US history behind only Visa (NYSE:V), General Motors (NYSE:GM), and AT&T Wireless (NYSE:T). It would also replace Google (NASDAQ:GOOG) as the highest Internet company offering.

Don’t Miss: Leaked: Facebook Revenue and Operating Profit.

To contact the reporter on this story: Ashley Cloninger at staff.writers@wallstcheatsheet.com

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