Facebook Inc., the world’s largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, according to sources. Facebook will file plans with regulators on Feb.1 to raise $5 billion
PALO ALTO, CA - APRIL 07: (FILE PHOTO) Facebook CEO Mark Zuckerberg speaks during a media event at Facebok headquarters on April 7, 2011 in Palo Alto, California. The world’s largest social network, Facebook is looking to file the paperwork for IPO that will value the company from 75 to 100 billion USD as early as Wednesday, according to reports on January 27, 2012
Facebook may file papers for an initial public offering next week that would value the social network at up to $100 billion, The Wall Street Journal reported Friday.
Facebook CEO Mark Zuckerberg in San Francisco, September 22, 2011. REUTERS/Robert Galbraith
FILE - In this May, 26, 2010 file photo, Facebook CEO Mark Zuckerberg talks about the social network site's new privacy settings in Palo Alto, Calif. Zuckerberg turns up at business conventions in a hoodie. “Cocky” is the word used to describe him most often, after “billionaire.” He was Time's person of the year at 26. So when he takes Facebook public, why would he follow the Wall Street rules? The company is expected to file as early as Wednesday, Feb. 1, 2012 to sell stock on the open market in what will be the most talked-about initial public offering since Google in 2004, maybe since the go-go 1990s. Around the nation, regular investors and IPO watchers are anticipating some kind of twist - perhaps a provision for the 800 million users of Facebook, a company that promotes itself as all about personal connections, to get in on the action.
Facebook CEO Mark Zuckerberg delivers a keynote address at the company's annual conference in San Francisco, July 23, 2008.
Sheryl Sandberg, Chief Operating Officer Facebook, speaks during a plenary session at the 42nd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 27, 2012.
Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters in Palo Alto, California, in this May 26, 2010 file picture. Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in 2004 picked Morgan Stanley to take the coveted "lead left" role in what is expected to be the largest IPO ever to emerge from Silicon Valley
Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters in Palo Alto, California, in this May 26, 2010 file picture. Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. The company founded by Mark Zuckerberg in a Harvard dorm room in 2004 picked Morgan Stanley to take the coveted "lead left" role in what is expected to be the largest IPO ever to emerge from Silicon Valley
Facebook founder and CEO Mark Zuckerberg walks out to speak to reporters at Harvard University in Cambridge, Massachusetts November 7, 2011
A Facebook logo is displayed on a Kodak photo kiosk during the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 11, 2012
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