Saturday, January 28, 2012

Face IPO

The wait for the Internet's most highly anticipated initial public offering is coming to an end, at least as far as paperwork is concerned. Or it could be a few more weeks! Either way, a lot of people are getting quite excited about Facebook Inc., according to The Wall Street Journal, which says the IPO filing could happen as soon as Wednesday. The same report says that Mark Zuckerberg's company is "close" to choosing Morgan Stanley as the lead underwriter for the IPO, which will likely value the social network between $75 billion and $100 billion, with hopes, as previously reported, of raising up to $10 billion.

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