Facebook poised for $100bn stock market flotation

It’s one of the most eagerly awaited stock flotations in recent years and will value Facebook at about $100 billion (€77bn).

The world’s largest social-networking service hopes to raise $10bn from the initial public offering (IPO) in the coming week, giving co-founder Mark Zuckerberg a personal fortune of $25bn.

The IPO would provide funds to help Facebook maintain its expansion and fend off competition from rivals such as Google and Twitter.