Facebook IPO Set for Next Week?

Facebook is likely to come up with its initial public offering (IPO) as early as next week itself - at least that's what a new but unconfirmed report is suggesting.

Apparently, as reported by the BusinessWeek, the information has been disclosed by two unnamed sources with direct knowledge regarding the matter. If we are to believe the word on the web, the social media giant is currently pondering over the idea of evaluating the company at somewhere between $75 billion to $100 billion.

The sources, who disclosed the information on the condition of anonymity, further stated that the exact time for the filing is still being discussed by Mark Zuckerberg and his men, and may undergo changes.

The IPO will be primarily designed to raise funds for the company so that all the required expenses for maintaining the site, as well as safeguarding its strategic interests from other key players in the market such as Google Plus and Twitter, can be met efficiently.

Anupam Palit, an analyst at the New York based GreenCrest Capital Management LLC, expressed his views on the latest development by stating: "They (Facebook) might discount it a little bit in order to make sure the first couple days of trading are very strong".