Facebook may be preparing to make a big debut on the stock market.

The Wall Street Journal is reporting that the social networking site wants to raise as much as $10 billion by selling stock to the public.

The initial public offering would value the company at as much as $100 billion and could take place sometime after April 2012.

Facebook was founded in a Harvard dorm room in February 2004. Since then, Facebook has tried to hold off on an IPO to focus on building its product rather than pleasing investors.

But early employees and investors are said to be eager to cash in on Facebook stock.

Several smaller Internet and social media groups have been popping up on to the public stock market this year, including LinkedIn, Pandora and Groupon.

Trading on SharesPost recently valued Facebook at about $73 billion.