HITS Daily Double

Facebook IPO?

FACEBOOK GOING PUBLIC? Facebook will file documents for an Initial Public Offering as early as next Wednesday (2/1), according to a report in today’s Chicago Tribune, confirming speculation when the social network stopped secondary trading two days ago. The highly anticipated IPO is predicted to value the world's largest social network at $75 billion to $100 billion, according to the Wall Street Journal. The impending IPO is expected to raise $10 billion and will be eagerly sought after by major investors like Morgan Stanley and Goldman Sachs, which would make it one of the largest IPOs in U.S. history. Twitter, you're on deck. (1/27p)