Facebook Readies IPO Filing

By Jacob Bunge Direct Edge is exploring a sale or initial public offering as the electronic exchange company looks to grow amid tough market conditions and intense competition facing US stock market operators. A sale could draw interest from overseas

Here are the nation's top IPOs, one of which belongs to a Motor City company. UPS is the largest package-delivery company and the second-largest cargo carrier after FedEx. The company raised $5.47 billion in its IPO on Nov. 9, 1999.

By Lynn Cowan Of DOW JONES NEWSWIRES Unprofitable biopharmaceutical firm Verastem Inc. (VSTM) rose nearly 11% Friday after boosting the size of its initial public offering. The company's stock closed at $11.09 a share on the Nasdaq, up 10.9% from its

Facebook Inc. could file papers for an initial public offering as early as next week and is close to picking Morgan Stanley as the lead underwriter for its IPO, said people familiar with the matter.

The Wall Street Journal has just reported that Facebook may file for its long-awaited IPO as soon as this Wednesday, but notes that the “timing is still being discussed”, according to an anonymous source. The article says that