It finally arrives – social media giant Facebook will file paperwork for an initial public offering (IPO) on Wednesday, February 1, according to a report by the Wall Street Journal.
If the event occurs as scheduled, it stands to be the largest technology IPO in history, with estimates putting it around $10 billion.
Currently Infineon and Google, whose initial public offerings stood at $5.9 billion and $1.67 billion, respectively, hold the tech IPO crowns.
Facebook has yet to comment on the development and the party sourced in the WSJ report remains unnamed. However, Facebook suspended trading in secondary markets for three days in late January – which proves to be a strong indicator of the company’s IPO intentions.