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Facebook Inc. could file papers for an initial public offering as early as next week and is close to picking Morgan Stanley as the lead underwriter for its IPO, said people familiar with the matter.
Facebook could file papers for the IPO as early as this coming Wednesday, but that timing is still being discussed, said a person familiar with the matter. The company is currently looking at a valuation of $75 billion to $100 billion, this person said.
That might sound jaded, I appologize, but to keep the value high on Wall st will lead to.... more ads.
Facebook, in one of the world's most widely anticipated IPOs, or initial public offerings of stock, filed papers this afternoon to raise at least $5 billion and begin to sell stock this spring. [abcnews.go.com...]
" What the documents show is that Facebook has been growing very rapidly and very profitably. In two years, revenues - almost entirely from advertising - have increased fivefold, with profits quadrupling to exactly $1bn in 2011."
"The $5bn being raised would be the most for an internet initial public offering since Google and its early backers raised $1.67bn in 2004."
It's a suprise that the revenues were so high.