Facebook prepping $100bn IPO

Social giant Facebook is set to file for an initial public offering in a deal which could value the company as much as $100bn.

The Wall Street Journal reported that the SEC filing for a public offering of stock could come as early as Wednesday this week.

The offering is expected to raise around $100bn which will be one of the world’s largest and the largest of a US internet company – and far beyond Google’s 2004 IPO which raised $1.67bn, valuing the company at $27bn.

Sister site PCR has the full story.