Facebook's board, chaired by CEO Mark Zuckerberg, will meet this afternoon in Palo Alto to greenlight an IPO filing tomorrow morning, Kara Swisher reports.

This jibes with what IFR just reported about the IPO timing.

Swisher also says the valuation will be less than $100 billion and the amount raised will be less than $10 billion.

Swisher also says "Facebook management wants to conduct an IPO with as little drama as possible and is seeking to minimize a bubble atmosphere around the event."

Good luck with that one, Zuck!

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