Report: Facebook readies IPO filing, looks to make up to $10 billion

That's, like, ten thousand millions, right? Anyway, Facebook could file for its long-awaited initial public offering (IPO) as early as next Wednesday, according to The Wall Street Journal (WSJ), choosing Morgan Stanley as its lead underwriter. Here's the clincher: According to "people familiar with the matter," the social network looks to be valued between $75 and $100 billion.

And you thought the Zynga IPO was huge for a tech company. However, the timing for the filing is still a discussion, according to WSJ's nameless sources. Facebook looks to make up $10 billion from the IPO alone, WSJ reports, but both the social network and Morgan Stanley declined to comment.

Facebook going public would only further solidify its dominance as a social gaming platform, and it wouldn't be surprising to see a nice chunk of that $10 billion go toward social game efforts. Why? We can't imagine how much Facebook makes from its 30 percent cut of all Facebook Credits, but recent reports put it in the $470 million range. So yeah, definitely expect Facebook to throw some more cash social games.

[Image Credit: Huffington Post]

Are you surprised by how much Facebook reportedly looks to make? What do you think this will mean for Facebook games in the future?