Thu, Feb 23, 2012, 8:50 AM EST - U.S. Markets open in 40 mins.

Facebook May File for IPO By Wednesday: Report

RELATED QUOTES

SymbolPriceChange
MS18.73+0.00
GS114.36+0.00
YHOO14.50+0.00

Facebook could file for its long-awaited initial public offering as early as Wednesday, the Wall Street Journal reported Friday.

The social-networking company is expected to pick Morgan Stanley (NYSE: MS - News) as the lead underwriter for the IPO, the Journal said. The Wall Street bank has been the most popular choice among internet IPOs in recent years.

The company is currently looking at a valuation of $75 billion to $100 billion, according to the report.

The impending IPO - expected to raise $10 billion - is a prized trophy for investment banks, set up a fierce competition on Wall Street, particularly between front-runners Morgan Stanley and Goldman Sachs (NYSE: GS - News).

Reuters contributed to this report.



More From CNBC
 
  • michael  •  Pompano Beach, Florida  •  26 days ago
    Beginning of the end for Facebook.
  • Snow  •  26 days ago
    MySpace, AOL, etc.. etc.. there has been a ton of these that have fallen out of favor..
  • trooperusmc93  •  26 days ago
    I have a feeling "free" is not going to be "free" much longer.
  • Andrew  •  26 days ago
    Can't wait for 'markets up on facebook IPO' ... haha
  • mosquitos  •  Waterbury, Connecticut  •  26 days ago
    FAKEBOOK !!! Maybe people will start communicating face to face again instead of hiding behind a keyboard.
  • -------  •  26 days ago
    Remember the good old days before facebook?
  • Sandra  •  Corona, California  •  26 days ago
    Deleting my facebook was the best thing
  • God of War  •  26 days ago
    Another RENREN it's down about 80% since IPO so watch out. Facebook would have to have $2.5 to $3.0 billion in net income to come even close to justifying a $75B IPO.
  • yahoo user  •  Sunnyvale, California  •  26 days ago
    before the mandetory timeline, because I'm dropping Facebook then, along with lots of other users
  • Wiz  •  Columbia, Maryland  •  26 days ago
    I only youtube, never had a facebook or myspace. People called me antisocial but how is sitting in front of a computer monitor any different? That is antisocial too.
  • Mr.  •  Richardson, Texas  •  26 days ago
    Someone please tell me what idiots are willing to invest in Facebook. $100b valuation? ARE YOU KIDDING ME?!?!? What does Facebook make? What assets do they own? Ford is valued at about half that. Facebook is a joke. It took Twitter less than 5 years to lose its luster. How big was AOL before it disappeared? Hello, MySpace anyone?!?!?! Facebook is a flash in the pan that will disappear as quickly as it rose. The next new social networking site will come along and Facebook will go the way of MySpace. Did investors learn NOTHING after the dotcom crash? I would #$%$ slap any investment banker who invested my funds in Facebook.
  • Barney  •  26 days ago
    A lot of people will lose a lot of money except for Mark Z.
  • Sarab  •  26 days ago
    Exxon has billions in gallons of oil to justify its value not to mention that it makes money and tons of profits. Facebook has 800 million users but no substance let alone no profit. Its a webpage.
  • Yut Phut E-Gair Bah  •  26 days ago
    Insider trading scam....... Short it and fast!!
  • Rod  •  Meriden, Connecticut  •  26 days ago
    Better issue that IPO fast cause Facebook is dying. My mom is the only person I know still active on it.
  • tim  •  26 days ago
    Every Wednesday for the last year you can buy this stock. Insiders have been seeling it like wild. Please give your money to a church or food bank if your thinking of buying this garbage. It is just like Groupon, LinkIn or Zynga they have to sell this stuff to the puplic to get their money out. Don't fall for it. The main investor of these firms was on CNBC this morning and said "It can't be a bubble because all these stocks are trading under their prices." What he should have said was "Thank god for the idiots that bought the offerings"
  • William S  •  Las Vegas, Nevada  •  26 days ago
    Fools Facebook.
    Fools will buy this IPO.
  • larry n  •  Southfield, Michigan  •  26 days ago
    Face book sucks plain and simple. It has created not an upsurge in information but a down turn in information.,
  • The One G  •  Islip, New York  •  26 days ago
    So keep giving up your personal info for free as they profit from it, yep this is THE ULTIMATE AMERICAN DREAM!
  • Barney  •  26 days ago
    Another WorldCom or Enron?
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Yahoo! Finance on Facebook

  YAHOO! FINANCE ON TWITTER