If you’ve always wanted to add the title “Facebook part-owner” to your resume, the opportunity could be arriving soon. That Facebook Initial Public Offering that wasn’t supposed to occur until late this year could happen this week. The stock sale could be one of the most lucrative ever for an American business, pumping as much as $10 billion into the company.
The Wall Street Journal cites sources that say the company is on the verge of choosing Morgan Stanley to lead the IPO, which could occur soon. To get things started, Facebook will need to file paperwork with the Securities and Exchange Commission. The company is considering several options, including filing Wednesday or waiting a few weeks.
After Facebook goes public, it will be interesting to see how the company changes its mode of operation to please stockholders, who will want to see ad revenue shoot off the charts. It will be interesting to see how any policy changes will affect Facebook users and in turn, the network’s popularity.
Facebook Readies IPO Filing [The Wall Street Journal]