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Facebook Plans to File $5 Billion IPO

On Wednesday, sparking speculation.

You don’t get to 800 million users and a billion-dollar initial public offering without sparking some speculation. Facebook may look to raise as much as $5 billion in its preliminary IPO filings Wednesday, IFR reports. While the company will not settle on a final stock price for months, early estimates peg a valuation at as much as $80 billion, and this first round of funding may signal a cautious approach on the part of the world’s most prominent social-networking site. Investors and investment banks have long awaited the IPO of Mark Zuckerberg’s masterwork, and the company’s debut is anticipated to be one of the largest ever.