- Share this article on Facebook
- Share this article on Twitter
- Share this article on Flipboard
- Share this article on Email
- Show additional share options
- Share this article on Linkedin
- Share this article on Pinit
- Share this article on Reddit
- Share this article on Tumblr
- Share this article on Whatsapp
- Share this article on Print
- Share this article on Comment
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.
Sign up for THR news straight to your inbox every day
More from The Hollywood Reporter
Prince Harry a No-Show on First Day of London Tabloid Trial, Set to Become First Royal to Testify in 130 Years
Tyler James Williams
Tyler James Williams Warns of the Danger of Speculating About Someone’s Sexuality
The Partridge Family
Danny Bonaduce Says He’s Getting Brain Surgery Following Neurological Disorder Diagnosis