Facebook to file for public offering: report

Reuters News
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Posted: Jun 14, 2011 1:46 AM

NEW YORK (Reuters) - Facebook is set to file for an initial public offering of its shares that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday.

The filing could come as early as October or November, with an IPO in the first quarter of 2012, CNBC said.

Facebook, whose chief operating officer last month called an IPO "inevitable," declined to comment.

Professional networking site LinkedIn Corp successfully launched its own IPO last month.

(Editing by Steve Orlofsky)