Facebook, the dominant internet social networking company, is making plans to go public early next year at a vertigo-inducing valuation of over $100 billion, CNBC reported Monday. The Palo Alto-based web phenom could file registration papers with the Securities and Exchange Commission as early as October.

Wall Street titan Goldman Sachs, which managed a $1.5 billion dollar private placement in Facebook sharesfor non-U.S. investors earlier this year, is “leading the chase” to manage the offering.

Goldman Sachs, the premier investment bank on Wall Street, is accustomed to taking the lead slot on...

Facebook, the dominant internet social networking company, is making plans to go public early next year at a vertigo-inducing valuation of over $100 billion, CNBC reported Monday. The Palo Alto-based web phenom could file registration papers with the Securities and Exchange Commission as early as October.

Wall Street titan Goldman Sachs, which managed a $1.5 billion dollar private placement in Facebook sharesfor non-U.S. investors earlier this year, is “leading the chase” to manage the offering.

Goldman Sachs, the premier investment bank on Wall Street, is accustomed to taking the lead slot on...