WSJ: Facebook Could File For IPO Wednesday

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Facebook could file for an initial public offering as early as Wednesday, the Wall Street Journal reports. Facebook is close to picking Morgan Stanley as the lead underwriter for its IPO, according to the Journal.

The Journal reports:

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. The company’s IPO, which people familiar with the matter earlier said could raise as much as $10 billion.

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