Facebook Prepares IPO

It looks like Facebook could file its much-anticipated initial public offering as early as next Wednesday, and Morgan Stanley will likely play a big role in the deal. Sources told The Wall Street Journal that the social-media giant is close to picking a bank as the lead underwriter for its IPO, which could raise as much as $10 billion. Investment banks have been fighting over leading the offering, which will likely earn them tens of millions of dollars, with the added bonus of being affiliated with the highly coveted deal. Both Facebook and Morgan Stanley have declined to comment on the filing.