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News that Facebook could release its initial public offering as early as Wednesday of next week is flooding social media websites, including Twitter.
Mashable.com was one of the first to "tweet" about the breaking news, and announced a story to follow shortly.
The Wall Street Journal, however, is reporting that Facebook is close to picking Morgan Stanley as the lead underwriter for its IPO.
The company is currently looking at a valuation of $75 billion to $100 billion, reports the Wall Street Journal.
In mid-January, it was reported that the social media giant would wait until May to release its IPO.
