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Monday, May 21, 2012
Facebook publicly trading its stock
Posted by Blogger
on Saturday, 28 January 2012 in Social Network
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One of the most highly anticipated initial public offerings in recent history could become a reality this week. The Wall Street Journal reports via unnamed sources that Facebook could file the papers to start publicly trading its stock as early as Wednesday, February 1. The article does add that the Wednesday filing date could be pushed back with some of the company's executives thinking about holding off for a few weeks before sending the papers into the US Security and Exchange Commission.
The article also reports that Facebook is close to picking Morgan Stanley over Goldman Sachs as its lead underwriter. Morgan Stanley was the underwriter behind a number of tech-based IPOs in 2011, including LinkedIn, the Facebook-based game publisher Zynga and more.
When its stock does go up for sale the total worth of the social networking service could be as high as $100 billion. 
Tags: Facebook, Social Media
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