The website’s IPO is being seen as a manifestation of the latest boom in investment in Web businesses. Facebook has attracted more than 800 million members in less than eight years of its existence. It has completely transformed the concept of global communications.
According to reliable indications, Facebook is likely to choose Morgan Stanley for leading the deal, beating other Wall Street banks that are struggling to get a foothold in the deal amid a global slump in trading to possibly earn tens of millions of dollars in banker fees. Goldman Sachs (NYSE: GS) was leading the race to head the deal till about a year back, however Morgan Stanley seems to have overtaken it. Goldman Sachs is also likely to play a significant part.
The filing for the IPO with the Securities and Exchange Commission could take place on Wednesday, according to reliable sources but some executives of the company are in favor of filing a few weeks later.
Read More: http://www.financeenquiry.com/ipo-filing-by-facebook-almost-imminent