Social networking giant Facebook is planning to raise $10 billion from an IPO, which it plans to float in Spring next year.
Sources have told The Wall Street Journal that the planned IPO could value the company, which was started by Zuckerberg from his Harvard dorm room, at $100 billion.
Being a privately held company, Facebook does not have to disclose its financial data to the government, but once a privately held company crosses 500 shareholders, it is required by law to do so. Facebook is expected to cross that mark by the end of this year.
WSJ sources reviled that the company is planning to launch an initial public offering between April and June 2012. The IPO will catapult the company's valuation to $100 billion, which is more than that of the world's largest computer maker Hewlett-Packard.
Facebook's IPO is one of the most highly anticipated ones in recent times, with investors looking to bet their money on one of the hottest online properties on the web.
The company has remained secretive in giving away a definite time frame in which it plans to launch the IPO, but the rumour mills are always churning.