Investors who have been waiting anxiously for the opportunity to place their bets on Facebook may not have to wait much longer. The Wall Street Journal reported Friday (1/27) that the social media company’s IPO could be filed as soon as Wednesday (2/1).
According to the WSJ, Facebook could seek to sell as much as $10 billion of newly minted public stock. Combined with the equity of the current shareholders, the total value of the company could be in the $75-100 billion range.
There are huge fees at stake for Wall Street’s investment banks. The WSJ report said Facebook was close to choosing Morgan Stanley as lead underwriter. But there will be plenty of money to go around. Goldman Sachs is also expected to play a major role and you can bet that lots of investment banks will get pieces of the offering.
