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Wednesday
Feb012012

Facebook Expected to File for IPO Wednesday

Peter Foley/Bloomberg via Getty Images(NEW YORK) -- Facebook, the company that started eight years ago in a Harvard dorm room and became a global phenomenon, is expected to file one of the largest initial public offerings in history on Wednesday.

The social media giant will reportedly file a form S-1 with the Securities and Exchange Commission (SEC), the first step towards becoming a publicly traded company on Wall Street. The form will be the first insight into the workings of what has so far been a fairly opaque company.  It will list Facebook’s revenue and profits, and is expected to set the company’s value between $75 and $100 billion.

"It's an exciting thing.  This is one of the big moments people have been looking forward to in the IPO or you know, the sphere of stocks coming public.  Facebook's really been the big fish everybody's been looking forward to," says Andrew Toner, a tech analyst for The Motley Fool.

Toner adds that if the company's debut price hits around $100 million, Facebook, "will actually be the 25th biggest publicly traded U.S. company."

Investors will likely have to wait until May to start buying stock in the company, however.  But when that first day of trading does come, Toner says, "Expect big, big things and big, big numbers."

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