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The article said the company, which is led by Mark Zuckerberg, is currently having internal discussions about the timing of filing for the IPO, a move that could still come in 2011, according to the report.
As for valuation, the
WSJ said Facebook could seek to raise as much as $10 billion in a deal that would value the company as a whole at $100 billion. Facebook has already put together a prospectus, the article said, and is ready to file at any time.
The details of the offering are likely to be closely monitored by investors as the recent round of buzzy Internet offerings -- namely
Groupon(GRPN - Get Report),
LinkedIn(LNKD - Get Report), and
Pandora(P - Get Report) -- haven't fared well.
Online discount purveyor Groupon priced its IPO at $20 per share and saw its stock plunge below that level after being public for less than a month. The shares closed Monday at $15.24. Business social networker LinkedIn saw its shares soar above $120 after pricing at $45 each in mid-May, and the stock has fallen back to close at $60 on Monday. Pandora priced its IPO at $16 each in mid-June, and the stock settled Monday at $10.52.
Written by Michael Baron in New York.
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