LOS ANGELES — When Facebook makes its long-expected debut as a public company this spring, the social-networking company is expected to vault into the top ranks of the largest public companies in the world, on par with the likes of McDonald’s, and Bank of America.
The Wall Street Journal reported Friday that Facebook is preparing to file initial paperwork for an offering that could raise as much as $10 billion and value the company at $75 billion to $100 billion. The filing with the Securities and Exchange Commission could come as early as Wednesday, with an initial public offering of stock in three or four months.
The targeted amount would slot it among the world’s 25 largest IPOs, although as recently as November 2010, General Motors raised $15.8 billion when it shed majority control by the U.S. government.
