Facebook is going public, to launch IPO next week

 by Chi Ibe

News from Wall Street claim Facebook is about to launch an Initial Public Offer (IPO). The anticipated IPO will value the world’s largest social network at between $75 billion and $100 billion in what would be one of the largest initial public offerings in U.S. history.

Morgan Stanley (MS.N) and Goldman Sachs (GS.N) are expected to play a significant role in the deal which is expected to raise $10 billion.

Shares of Internet and social-networking companies rose after the news, with LinkedIn Corp (LNKD.N) closing 5.9 percent higher at $76.64 and Zynga Inc (ZNGA.O) gaining 5.6 percent to $10.05. Shares at GSV Capital (GSVC.O), an investment firm that owns Facebook, jumped 17.8 percent to $17.79.

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