Sources have told the Wall Street Journal that social networking giant Facebook is looking to file documents for its initial public offerings as early as this week. The IPO itself is targeted sometime between April and June. The deal could raise almost $10 billion for the company, with a valuation between $75 billion and $100 billion.
Facebook is apparently eyeing Morgan Stanley to lead the deal over its rival, the Goldman Sachs Group. Unfortunately for Morgan Stanley, the WSJ’s story could tank the deal, according to Fox Business reporter Charlie Gasparino.
“Fox Business has learned that leak that Morgan Stanley will get Facebook deal pisses off company and backfires on the firm,” Gasparino tweeted after the story broke (via Business Insider).
Spokespeople at both firms declined to comment on the deal, probably for fear of losing out on that crazy money.
