Facebook IPO Could Be $100 Billion In October

According to reports, Facebook could be readying an initial public offering as early as October or November. Goldman Sachs might lead this initial offering, which could value the social networking company at $100 billion.

This follows the successful IPOs of other internet companies, namely, LinkedIn and Groupon. While some have argued that the stocks of those companies are over-valued, it leads the way for Facebook to more than double their estimated worth from $50 million earlier in 2010.

Source: CNBC {link no longer active}