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Facebook Prepping For IPO

There is not a lot to report on this story, but it appears that Facebook is reading for its first initial public offering- in other words, they are getting ready to sell stock in the company. It appears that Facebook is almost ready to pick Morgan Stanley to underwrite their IPO, and that the documents would be filed as early as next Wednesday. They are expecting that the current valuation of the company is about $75 to $100 billion, and the company’s IPO could bring in as much as $10 billion.

Via Wall Street Journal.