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Facebook IPO filing reportedly due 'as early as next week'

January 27, 2012 |  1:47 pm
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Facebook's initial public offering has been anticipated for months and is speculated to be worth as much as $10 billion whenever it arrives.

And right about now, that's the biggest question for the world's largest social network -- when will the IPO filing arrive?

According to a Friday report from the Wall Street Journal, citing unnamed sources, Facebook could file for its IPO "as early as next week."

When next week? The Journal says "Facebook could file papers for the IPO as early as this coming Wednesday, but that timing is still being discussed, said a person familiar with the matter."

Facebook, for its part, hasn't said when its inevitable IPO will arrive, but the rumor mill is in high gear.

On Wendesday, multiple reports said that the Menlo Park, Calif., company had temporarily suspended trading of company shares on private markets so it could tally up just how many shareholders it has -- a move sometimes made ahead of an IPO.

The IPO is expected to be the largest of the year and possibly the decade and, as noted by the Times' Jessica Guynn and Walter Hamilton, it could turn as many as 1,000 Facebook employees into millionaires. Facebook has more than 800 million users worldwide and it's expected to also reach 1 billion users soon as well.

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-- Nathan Olivarez-Giles

Nathan Olivarez-Giles on Google+

Twitter.com/nateog

Photo: Facebook's thumbs-up "Like" icon is displayed on a sign at the company's new campus in Menlo Park, Calif. Facebook hopes to accommodate over 6,000 employees on the new campus, which is spread out over a million square feet of office space. Credit: David Paul Morris/Bloomberg

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