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Facebook said to be readying IPO worth up to $10 billion

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Menlo Park, Calif.—Facebook Inc. is expected to file to go public this week, in a deal that The Wall Street Journal reported could be valued as high as $10 billion.

The Journal said Morgan Stanley will lead the initial public offering, although Goldman Sachs Group is expected to participate. None of these companies have issued any statement.

A Facebook IPO of this degree would dwarf the social media public offerings to date. Major social IPOs in 2011 included Groupon ($1.3 billion), LinkedIn Corp. ($435 million), Pandora Media ($203 million) and Zynga ($1 billion).

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