adminabout US$10 billion, they reported.
This would be one of the biggest share sales seen on Wall Street.
It would dwarf the US$1,9 billion raised by Google when it went public in 2004.
It would still, however, be some way short of the US$20 billion raised by carmaker General Motors in November 2010.
The reports suggest that Morgan Stanley will be the lead underwriter for the sale, with Goldman Sachs also expected to be heavily involved.
Rumours of Facebook’s so-called initial public offering have circulated for many months, and the company has maintained it will not comment on the subject. – bbc.co.uk.
Online Reporter
- Herald
- July 31, 2026
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Economy: Growth signs visible
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