Facebook Could File Record-Breaking IPO This Week

Facebook Could File Record-Breaking IPO This Week

According to the Wall Street Journal, Facebook could file paperwork on Wednesday that would finally open the company up for public trading. 

The move is expected to raise $10 billion, giving Facebook an IPO evaluation of anywhere from $75 to $100 billion. It would rank as the biggest tech IPO ever and fourth highest overall--behind only Visa, General Motors, and AT&T Wireless.

The apogee of the current web boom, the IPO is also a watershed moment for the company itself. Many of the company’s 3,000 employees will instantly become millionaires. Not to mention, Facebook’s overall value would put it level with McDonald’s. 

Sounds about right.

[via Wall Street Journal via Gizmodo

Tags: facebook, ipo
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