The communal mesh is looking at a deal, underwritten by Morgan Stanley, that could put its worth between $75bn and $100bnrank revise: Facebook will document for an IPO next week, perhaps as early as Wednesday, in a deal that could worth the company between $75bn and $100bn, accounts the Wall road periodical.
But Facebook company representative Jonathan Thaw notified the Guardian that the communal network is "not going to participate in IPO-related speculation".
Facebook, based in Menlo Park, California, is said to be close to choosing Morgan Stanley to underwrite the deal for a 10% stake, which could allowance to up to $10bn.
Goldman Sachs was at one time anticipated to be the lead underwriter on the deal after it was brought on to lead a $1.5bn personal proposing of the communal network's portions early last year, appealing a inundate of media attention and purchaser interest in the deal. although, in an embarrassing turn of events the buying into bank was compelled to curtail the proposing to purchasers outside of America.
Goldman is still expected to rake in gigantic charges as an hardworking supervisor on the Facebook IPO, whereas it will play second fiddle to Morgan Stanley. Goldman Sachs turned down to commentary. More
