LOS ANGELES (AP) — The Wall Street Journal says Facebook could file regulatory papers for its initial public offering of stock as early as next week.
The newspaper cites unnamed people familiar with the matter in saying that the social networking company could raise as much as $10 billion. Facebook’s expected launch as a publicly traded company is the most hotly anticipated tech IPO in more than a decade.
Facebook spokesman Larry Wu says the company will not comment on IPO-related speculation.
After filing its initial paperwork, a public offering usually takes three to four months.