The social media giant is considering raising as much as $10 billion in its IPO, the report said.
Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.
Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.
(Reporting by Vidya L Nathan in Bangalore; editing by Andre Grenon)
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