Facebook Going Public

Wednesday, February 1, 2012 - 10:52am

Massive IPO expected for social networking giant.

Facebook is expected to move one step closer to becoming a public company on Wednesday.

CNBC has learned that the social networking giant will file paperwork wednesday for a $5-billion initial public offering.

The deal would value facebook at between $75 and $100-billion, making it one of the largest public companies in the world.

Morgan Stanley is the lead underwriter.

Final pricing won't be set for several months.

Facebook was founded by Mark Zuckerberg in his Harvard dorm room in 2004.

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