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Facebook to file for public offering: CNBC



Facebook is set to file for an initial public offering of its shares that could value the popular social networking site at more than $100-billion (U.S.), financial news channel CNBC reported on Monday.

The filing could come as early as October or November, with an IPO in the first quarter of 2012, CNBC said.

Facebook, whose chief operating officer last month called an IPO "inevitable," declined to comment.

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Professional networking site LinkedIn Corp successfully launched its own IPO last month.

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