Facebook could file $100bn IPO this week

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McLovin

McLovin

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Facebook is set to file its initial public offering (IPO) as early as Wednesday, seeking a valuation between US$75 billion and US$100 billion, according to the Wall Street Journal, citing unnamed sources.
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zuckerberg_1.jpg

Mark Zuckerberg
(Credit: James Martin/CNET)​

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I heard Avast and AVG did something similar, so what exactly is an IPO?
 
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