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Facebook Reportedly Ready To File For IPO


Facebook founder and CEO Mark Zuckerberg

Facebook founder and CEO Mark Zuckerberg

The social-media website Facebook plans to file documents for an initial public offering as soon as next week, "The Wall Street Journal" is reporting.

The IPO is expected to value the company at between $75 billion and $100 billion, making it one of the largest IPOs in U.S. history.

If the valuation comes in at $100 billion, Facebook would have a capitalization comparable to McDonald's ($101 billion), but behind Google ($186 billion) and Apple ($415 billion).

Facebook's revenues, mostly from online advertising, is estimated at $5 billion annually.

Facebook has not commented on the report.

Compiled from agency reports
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