Facebook IPO: Are 800 million users worth $100 billion(Read article summary)
Facebook, the most successful social network in history, is close to going public, according to one new report.
Facebook, the most popular social networking site in history, is apparently very close to going public. So says the Wall Street Journal, which reports today that the company could file papers for an IPO as soon as Wednesday.
"At a valuation between $75 billion and $100 billion, Facebook is looking to raise as much as $10 billion, said people familiar with the matter," the Journal reports. "The final valuation will be determined by a variety of factors, people familiar with the matter cautioned, such as investor demand for social media, the IPO market and the health of the European economy."
With a $100 billion evaluation, Facebook would be worth as much as McDonald's Corp, the Journal added.
In a separate dispatch, the New York firm PrivCo estimates that Facebook will price its stock between $38 and $40, with Morgan Stanley leading the IPO. Big news for Facebook, obviously, which has been the subject of IPO rumors for months now.