Sunday, June 19, 2011

$100 billion for Facebook? IPO for October or November could easily fetch that, or more

Facebook is looking at initial public offer. (File photo)
Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday.

Goldman Sachs (GS.N) is leading the chase to manage the lucrative offering, which could come in the first quarter of 2012, CNBC said.