WSJ: Palo Alto-Based Facebook Could File IPO Next Week

Palo Alto, Calif. -- Facebook as soon as Wednesday could file with the Securities and Exchange Commission (SEC) for the largest-ever technology initial public offering (IPO), The Wall Street Journal reported on Friday. Citing people familiar with the matter, the Journal reported that the Palo Alto-based company in seeking to raise as much as $10 billion with a valuation of $75-$100 billion. Morgan Stanley also reportedly is the frontrunner to become lead underwriter. The size of the IPO would likely surpass that of Infineon Technologies, which in 2000 raised a record $5.9 million, according to Dealogic.
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