Facebook To Potentially Set To Releasle IPO This Week

It has been reported by the Wall Street Journal that Facebook is set to release it's IPO (Initial Public Offering) sometime later this week. The expected valuation of the internet giant is somewhere between 75-100 billion and the offering is expecting to bring in another 10 billion for the company. If the deal goes through Facebook would be the highest traded tech IPO and history blowing Google's 2004 IPO valuation of 39 billion out of the water. When Google went public it began trading at $85 a share, with a valuation such as Facebook's the cost per share could be potentially much higher. Various sites report Morgan Stanley, the large investment bank, to be companies underwriter ironing out all the final details of the IPO and it has been reported that Facebook could start it's IPO on Wednesday at the earliest. This is a major move for the social networking site, contributing to a long list of recent moves by the company such as changing the way the site runs and partnering up with companies like Spotify to provide further content on the site. This not only marks a huge moment for Facebook but for the tech industry as a whole as the IPO will be the largest tech IPO but one of the 7 largest IPO's in history. Expect 2012, like every other year since Facebook's development, to be a big year for the company.