Facebook to go public with €69bn valuation

FACEBOOK is reportedly set to go public as early as the first quarter of next year, at a valuation that could top $100 billion (€69bn).

US financial news channel CNBC has reported that Goldman Sachs is leading the chase to manage the lucrative offering.

Chief operating officer for the social networking giant Sheryl Sandberg last month called an initial public offering (IPO) “inevitable” and “the next thing that happens”.