According to the Wall Street Journal, Facebook is finalizing it’s IPO paperwork and looking to file as early as next week. Facebook is also using Morgan Stanley as it underwriter and looking for an initial valuation of between $75 – $100 BILLION.
The internet has been buzzing with Facebook going public for years now and looks like it may finally happen soon. Facebook is looking to raise about $10 billion with the IPO which would rank Facebook fourth among U.S. companies, behind Visa Inc., General Motors Co. and AT&T Wireless. At a $100 billion valuation, Facebook would be worth about the same as McDonald’s Corp. and nearly half of Google Inc.
We’ve seen Facebook come out with new features like the timeline and they are growing extremely fast and are projected to hit ONE BILLION users this year so it definitely sounds like the right thing to do.
Even though Facebook has issues with privacy people are thinking this is the next company to make them rich so everyone is going to buy stocks right away and I’m going to try and buy at least one if shares are under $100! I kick myself everyday when I look at Google’s IPO and wish I was old enough and had money to but a couple hundred or thousands of shares. Its so nice to dream…