Facebook Said to Be Planning $10 Billion IPO

 The giant social networking site is an IPO that would value Facebook at more than $ 100 billion is considering, said a person familiar with

Facebook Inc. is considering raising about $ 10 billion in an IPO that social networking site at more than $ 100 billion, a person with knowledge of the value stated.

Facebook may submit an IPO before the end of the year, said the person who asked not to be identified because the discussions are private. Exact timing for submission has not been determined, the person said.

At 10 billion, it would make more money than any other technology IPOs to rise, a sign investors are eager for a piece of the top social networking company to get. The amount that would dwarf the previous record holder, Infineon Technologies AG, the $ 5.23 billion in its 1999 debut generated. Agere Systems Inc. raised $ 4.14 billion in 2000, making it the second.

Facebook's $ 100 billion valuation would be twice as high as it was in January when the company a $ 1.5 billion investment in Goldman Sachs Group Inc. and other lenders announced a $ 50 billion. Facebook is currently at $ 66.6 billion share of the Post Office Inc., which handles trade in close companies.

Facebook is expected to be required by U.S. securities regulators announce the results on 30 April 2012, if not to go public at that time, the company said in January. The social-networking company decided to wait until 2012 for its IPO as CEO Mark Zuckerberg gives more time for the user to stimulate sales, three people said last year.

Jonathan Thaw, a spokesman for Palo Alto, fell California-based Facebook to comment.

The Wall Street Journal reported earlier today that Facebook is a $ 10 billion IPO argue with a valuation of over $ 100 billion. The company aims to go public between April and June, the Journal said.