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Facebook Meeting With Banks on Possible IPO

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Published: Monday, 16 May 2011 | 3:55 PM ET
By: CNBC.com
Source: facebook.com
Facebook

Facebook has been meeting with bank underwriters to discuss a possible initial public offering and other services, CNBC has learned.

Facebook executives and banks have been discussing the size and time frame for an IPO. The social networking site is also in talks with banks about access to investor networks.

Sources told CNBC that Facebook has been asking what services banks can provide besides underwriting.

The meetings began in April and have lasted at least a month.

Facebook had no comment.

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Facebook has been meeting with bank underwriters to discuss an initial public offering and other services, CNBC has learned.

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