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Facebook plans IPO between April and June: report

A Facebook page is displayed on a computer screen in Brussels April 21, 2010.


Facebook Inc. is looking to go public between April and June, 2012, with a valuation of over $100-billion (U.S.), the Wall Street Journal reported, citing people familiar with the matter.

The social media giant is considering raising as much as $10-billion in its IPO, the report said.

Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.

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Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.

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