The Wall Street Journal is reporting that Facebook Inc. will file for papers for it’s Initial Public Offering by Wednesday of next week.
Facebook still has yet to confirm it even intends to file for an IPO at all, but the rumours are so strong and sourced-from-up-high at this point that it may as well be confirmed.
The offering is expected to net the company as much as $10bn, which would value the entire company somewhere between $75 and $100bn.
If these figures hold up, it would make Facebook the record-holder for highest offering of technology companies – a record currently held by Infineon Technologies AG (a semiconductor company – ETR:IFXA) at a relatively minor $5.9bn.
Google (NASDAQ:GOOG), the current largest US tech offering, went for a measly $1.9bn at it’s IPO.
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