Facebook to file for public offering: report

Reuters

NEW YORK (Reuters) - 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, 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.

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

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

(Editing by Steve Orlofsky)

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