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Facebook Could File IPO Papers Next Week: Insiders

Sources say Morgan Stanley is close to landing the deal

(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... More »

Facebook Prepping for $100B IPO in Early 2012

Notoriously private company to finally share its financial status, sources tell CNBC

(Newser) - Facebook is just about ready to change its IPO status to "public," sources tell CNBC . The social networking behemoth, which had previously kept its financial numbers under lock and key, will likely go public in the first quarter of next year at a valuation of $100 billion. Because... More »

Goldman to US Investors: No Facebook Shares for You

Only non-US clients can buy in

(Newser) - Want to snatch up some Facebook shares? Tough luck, if you’re an American. Goldman Sachs is limiting the private offering of up to $1.5 billion in shares to non-US clients only. In a statement to the Wall Street Journal , Goldman says the "intense media attention" surrounding the... More »

Stewart's New Punching Bag: Mark Zuckerberg

Facebook wants privacy?

(Newser) - Jon Stewart went after Mark Zuckerberg last night , arguing that Facebook is using its deal with Goldman Sachs to delay going public, since doing so would force the company to be more transparent (though that theory may not, in fact, be true ). What nerve. "Mark Zuckerberg doesn't want... More »

Facebook More Profitable Than We All Thought

Profit margin was an impressive 25% ... in 2009

(Newser) - Surprise, surprise: Facebook is actually “much more profitable than everyone thought,” writes Henry Blodget for Business Insider . Today’s Wall Street Journal piece ( summary here ) discloses that Facebook’s net income in 2009 was $200 million on $777 million in revenue. The revenue figure was known,... More »

Goldman's Top Unit Passed on Facebook Deal

Said unit includes many Goldman partners

(Newser) - Goldman Sachs wasn’t quite as eager to pump $450 million into Facebook as you might think. The deal was originally offered to, and shot down by, Goldman Sachs Capital Partners, the prestigious group that many current and former Goldman partners invest with, sources tell the New York Times . The... More »

6 Stories