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Facebook Said to Plan Record IPO

Deal would value networking site at more than $100 bln.

By Douglas MacMillan and Brian Womack, Bloomberg | Updated on November 29, 2011

Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the world’s largest social-networking site at more than $100 billion, a person with knowledge of the matter said.

The company may file for the IPO before the end of the year, said the person, who asked not to be identified because the deliberations are private. Exact timing for the filing hasn’t been determined, the person said.

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