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Friday
Jan272012

Facebook IPO Next Week?

Justin Sullivan/Getty Images(NEW YORK) -- Facebook could file papers for its IPO, or initial public offering of company stock, as early as next Wednesday, according to the Wall Street Journal, which cited unnamed people familiar with the matter.

Facebook itself has not commented, nor have Morgan Stanley or Goldman Sachs, which have been vying to handle the offering.

Jonathan Thaw of Facebook sent an email to ABC News: “Our position on this is that we don’t participate in IPO-related speculation.”

Previous reports said Facebook would likely be valued at $75-100 billion.

“If it comes to pass, this will be the largest tech IPO in history, yielding around $10 billion for the social network,” wrote Chris Taylor of Mashable. “Google’s 2005 IPO, as big a deal as it was, didn’t even reach the $2 billion mark.”

Facebook claims more than 800 million active users worldwide.

Copyright 2012 ABC News Radio

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