Facebook Could File IPO Papers Next Week: Insiders

Sources say Morgan Stanley is close to landing the deal
By Evann Gastaldo,  Newser Staff
Posted Jan 27, 2012 2:16 PM CST
In this July 6, 2011 file photo, Facebook CEO Mark Zuckerberg smiles during an announcement at Facebook headquarters in Palo Alto, Calif.   (AP Photo/Paul Sakuma, File)

(Newser) – Sources tell the Wall Street Journal that Facebook could file papers for its IPO as early as Wednesday, and that Morgan Stanley will likely be chosen as the lead underwriter. The company is looking at a valuation between $75 billion and $100 billion; people have said earlier that the IPO could raise up to $10 billion. Goldman Sachs will also likely play a big role. (Read more Facebook stories.)

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