Facebook Could File For an IPO Next Week (Report)
Facebook could file for an initial public offering as early as next week, the Wall Street Journal reported on Friday, Jan. 27.
Citing a person familiar with the matter, the Journal said Facebook is eyeing Wednesday for filing paperwork and its looking at a valuation of $75 billion-$100 billion.
Morgan Stanley is the "frontrunner for the much-coveted lead left position on Facebook's IPO documents to be filed with the Securities and Exchange Commission," according to the story.
Analysts speculate that an IPO could make co-founder Mark Zuckerberg worth some $24 billion, wealthier than each of the Google co-founders, Larry Page and Sergey Brin.
Given its penchant for equity-based compensation during its earlier years, about 1,000 of its 3,000 employees are expected to become instant millionaires off of a Facebook IPO.