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Facebook May File for IPO by End of the Year
Tuesday, November 29, 10:25 AM ET

Social networking site Facebook is reportedly mulling filing for an initial public offering by the end of the year.

According to several media reports, Facebook would be looking to raise about $10 billion, in an IPO that would value the company at more than $100 billion.

Both The Wall Street Journal and Bloomberg News report that the company could file for the IPO by the end of the year.

The Journal noted that a $100 billion valuation is double that of companies like Hewlett-Packard (NYSE:HPQ) and 3M (NYSE:MMM).

Facebook's bankers may be looking to tap the equity market while demand is still strong for internet IPOs. Groupon (NASDAQ:GRPN), LinkedIn (NYSE:LNKD), Angie's List (NASDAQ:ANGI) and Pandora (NYSE:P) have all raised money in high-profile IPOs in recent months.

For MarketNewsVideo.com, I'm Sayoko Murase.

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