Facebook's flotation fever
<p><span word="Facebook">Facebook</span> <span word="Inc">Inc</span>, <span word="the">the</span> <span word="world">world</span>'<span word="s">s</span> <span word="largest">largest</span> <span word="social">social</span>-<span word="networking">networking</span> <span word="service">service</span>, <span word="is">is</span> <span word="aiming">aiming</span> <span word="to">to</span> <span word="file">file</span> <span word="for">for</span> <span word="its">its</span> <span word="initial">initial</span> <span word="public">public</span> <span word="offering">offering</span> <span word="as">as</span> <span word="early">early</span> <span word="as">as</span> <span word="this">this</span> <span word="week">week</span>, <span word="two">two</span> <span word="insiders">insiders</span> <span word="have">have</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="company">company</span> <span word="is">is</span> <span word="discussing">discussing</span> <span word="a">a</span> <span word="valuation">valuation</span> <span word="of">of</span> $75 <span word="billion">billion</span> <span word="to">to</span> $100 <span word="billion">billion</span>, <span word="said">said</span> <span word="the">the</span> <span word="two">two</span> <span word="people">people</span>, <span word="who">who</span> <span word="asked">asked</span> <span word="not">not</span> <span word="to">to</span> <span word="be">be</span> <span word="identified">identified</span> <span word="because">because</span> <span word="the">the</span> <span word="plans">plans</span> <span word="haven">haven</span>'<span word="t">t</span> <span word="been">been</span> <span word="made">made</span> <span word="public">public</span>. <span word="Timing">Timing</span> <span word="for">for</span> <span word="the">the</span> <span word="filing">filing</span> <span word="is">is</span> <span word="still">still</span> <span word="being">being</span> <span word="discussed">discussed</span> <span word="and">and</span> <span word="may">may</span> <span word="change">change</span>, <span word="they">they</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="IPO">IPO</span> <span word="would">would</span> <span word="provide">provide</span> <span word="funds">funds</span> <span word="to">to</span> <span word="help">help</span> <span word="Facebook">Facebook</span> <span word="maintain">maintain</span> <span word="its">its</span> <span word="expansion">expansion</span> <span word="and">and</span> <span word="fend">fend</span> <span word="off">off</span> <span word="competition">competition</span> <span word="from">from</span> <span word="Internet">Internet</span> <span word="rivals">rivals</span> <span word="such">such</span> <span word="as">as</span> <span word="Google">Google</span> <span word="Inc">Inc</span> <span word="and">and</span> <span word="Twitter">Twitter</span> <span word="Inc">Inc</span>. <span word="The">The</span> <span word="company">company</span> <span word="has">has</span> <span word="discussed">discussed</span> <span word="raising">raising</span> $10<span word="billion">billion</span> <span word="in">in</span> <span word="the">the</span> <span word="offering">offering</span>, <span word="another">another</span> <span word="unidentified">unidentified</span> <span word="source">source</span> <span word="said">said</span> <span word="in">in</span> <span word="November">November</span>. <span word="Facebook">Facebook</span> <span word="may">may</span> <span word="set">set</span> <span word="its">its</span> <span word="price">price</span> <span word="at">at</span> <span word="the">the</span> <span word="low">low</span> <span word="end">end</span> <span word="of">of</span> <span word="the">the</span> <span word="valuation">valuation</span> <span word="range">range</span> <span word="to">to</span> <span word="entice">entice</span> <span word="investors">investors</span> <span word="and">and</span> <span word="ensure">ensure</span> <span word="the">the</span> <span word="stock">stock</span> <span word="rises">rises</span> <span word="after">after</span> <span word="the">the</span> <span word="IPO">IPO</span>.</p><p><span word="Facebook">Facebook</span> <span word="is">is</span> <span word="close">close</span> <span word="to">to</span> <span word="hiring">hiring</span> <span word="Morgan">Morgan</span> <span word="Stanley">Stanley</span> <span word="to">to</span> <span word="handle">handle</span> <span word="the">the</span> <span word="deal">deal</span> <span word="and">and</span> <span word="Goldman">Goldman</span> <span word="Sachs">Sachs</span> <span word="Group">Group</span> <span word="Inc">Inc</span> <span word="will">will</span> <span word="probably">probably</span> <span word="play">play</span> <span word="a">a</span> "<span word="major">major</span> <span word="role">role</span>" <span word="in">in</span> <span word="the">the</span> <span word="IPO">IPO</span>, <span word="the">the</span> <span word="Wall">Wall</span> <span word="Street">Street</span> <span word="Journal">Journal</span> <span word="said">said</span> <span word="on">on</span> <span word="Friday">Friday</span>. <span word="The">The</span> <span word="newspaper">newspaper</span> <span word="was">was</span> <span word="first">first</span> <span word="to">to</span> <span word="report">report</span> <span word="that">that</span> <span word="Facebook">Facebook</span> <span word="may">may</span> <span word="file">file</span> <span word="its">its</span> <span word="paperwork">paperwork</span> <span word="as">as</span> <span word="early">early</span> <span word="as">as</span> <span word="this">this</span> <span word="week">week</span>.</p><p><span word="Shareholders">Shareholders</span> <span word="of">of</span> <span word="Facebook">Facebook</span> <span word="faced">faced</span> <span word="a">a</span> <span word="three">three</span>-<span word="day">day</span> <span word="suspension">suspension</span> <span word="of">of</span> <span word="trading">trading</span> <span word="on">on</span> <span word="secondary">secondary</span> <span word="markets">markets</span> <span word="on">on</span> <span word="Friday">Friday</span>. <span word="While">While</span> <span word="buy">buy</span> <span word="and">and</span> <span word="sell">sell</span> <span word="orders">orders</span> <span word="could">could</span> <span word="be">be</span> <span word="made">made</span>, <span word="transactions">transactions</span> <span word="wouldn">wouldn</span>'<span word="t">t</span> <span word="be">be</span> <span word="processed">processed</span> <span word="by">by</span> <span word="Facebook">Facebook</span>'<span word="s">s</span> <span word="attorneys">attorneys</span> <span word="at">at</span> <span word="Fenwick">Fenwick</span> & <span word="West">West</span> <span word="LLC">LLC</span>.</p><p><span word="Halting">Halting</span> <span word="the">the</span> <span word="trading">trading</span>, <span word="which">which</span> <span word="had">had</span> <span word="allowed">allowed</span> <span word="employees">employees</span> <span word="and">and</span> <span word="early">early</span> <span word="stakeholders">stakeholders</span> <span word="to">to</span> <span word="buy">buy</span> <span word="and">and</span> <span word="sell">sell</span> <span word="shares">shares</span>, <span word="didn">didn</span>'<span word="t">t</span> <span word="mean">mean</span> <span word="the">the</span> <span word="filing">filing</span> <span word="is">is</span> <span word="imminent">imminent</span>. <span word="Still">Still</span>, <span word="some">some</span> <span word="companies">companies</span> <span word="suspend">suspend</span> <span word="trading">trading</span> <span word="ahead">ahead</span> <span word="of">of</span> <span word="a">a</span> <span word="filing">filing</span> <span word="to">to</span> <span word="make">make</span> <span word="sure">sure</span> <span word="that">that</span> <span word="investors">investors</span> <span word="can">can</span>'<span word="t">t</span> <span word="exchange">exchange</span> <span word="shares">shares</span> <span word="until">until</span> <span word="all">all</span> <span word="of">of</span> <span word="the">the</span> <span word="information">information</span> <span word="is">is</span> <span word="public">public</span>.</p>
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