Facebook is reportedly close to going public, according to sources familiar with the matter. The social networking giant is said to be in the process of selecting underwriters for its initial public offering (IPO).

The IPO is expected to be one of the largest in history, potentially valuing Facebook at tens of billions of dollars. Several major investment banks are reportedly vying for the opportunity to lead the offering.

While the exact timing of the IPO remains uncertain, sources suggest that it could occur as early as next year. The move would mark a significant milestone for Facebook, which has grown rapidly since its founding in 2004.

An IPO would also provide Facebook with access to a vast pool of capital, which could be used to fund further expansion and acquisitions. The company has already made several strategic acquisitions in recent years, including Instagram and WhatsApp.

The potential IPO has generated considerable excitement in the financial community, with many investors eager to gain a stake in one of the world’s most valuable technology companies.