The Wall Street Journal has just reported that Facebook may file for its long-awaited IPO as soon as this Wednesday, but notes that the “timing is still being discussed”, according to an anonymous source. The article says that Facebook is eyeing a valuation between $75 and $100 billion as it raises up to $10 billion, which is in line with a previous WSJ report last November.
The article also reports that Morgan Stanley is currently the frontrunner to secure the top, “lead left” position in the filing, with Goldman Sachs playing a “significant role” as well. The news comes shortly after Facebook temporarily froze secondary trades on its shares, sparking speculation that the IPO filing may be imminent.
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