Deals
Facebook to File for IPO Next Week, Near Picking Banks, WSJ Says
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Facebook Inc., the largest social-networking site, may file for its initial public offering on Feb. 1 and is close to hiring Morgan Stanley to handle the deal, the Wall Street Journal reported, citing unidentified people.
The company is considering a valuation of $75 billion to $100 billion, and Goldman Sachs Group Inc. will probably play a “major role” in the IPO, the newspaper reported.