There has been much speculation over the timing of Facebook's initial public offering, which has been forecast to be one of the biggest in history.
It first emerged in January this year that investment led by Goldman Sachs, at the time valuing the company at $50bn.
According to , the social networking giant is looking to raise $10bn from the IPO, with its initial registration statement to be complete in December this year.
The Financial Times reported in September , in a bid to keep employees focused on product development, rather than payouts. It valued the company at the time of the report at $66.5bn.
Facebook declined to comment on the Wall Street Journal report.
Other internet companies have recently floated, including LinkedIn, Groupon and Pandora.
Daily deals site . Having surged on its first day of trading on 4 November, but the company's price has plummeted 42% over the past five trading days, according to the Wall Street Journal.
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