Eight years after it was launched from a Harvard dorm room, Facebook is expected to take its first major step to being a publicly traded company Wednesday, according to the Washington Post. The filing is the first step toward what’s shaping up to be one of the highest-buzzed market debuts in history.Facebook has made no secret about it plans to go public, and rumors have been circulating for months that the company would raise as much as $10 billion for the initial public offering — giving it a valuation of $75 billion to $100 billion — though reports Monday from the International Financing Review and the New York Times revised that number down to $5 billion. That number could continue to rise as Facebook measures demand for the stock, which is expected to have its market debut late this spring.
