According to a report by The Wall Street Journal, unnamed sources maintain that Morgan Stanely is likely to be chosen as the lead underwriter for the public offering, beating out Goldman Sachs and others.
Will Facebook’s IPO be the largest tech IPO ever?
The WSJ report quotes unnamed people who say that the IPO could raise “as much as $10 billion.”
Google’s 2004 IPO valued the company at $23 billion at the time, with a sale of $1.9 billion in securities.
The current record for the biggest tech IPO ever is held by Infineon Technologies AG. The German-based semiconductor company had a $5.9 billion public offering in 2000, before the dot-com downfall the same year.
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