Facebook Files for $5 Billion IPO
Facebook just filed the preliminary prospectus for its long-awaited initial public offering (IPO).
As rumored, the company is seeking to raise $5 billion. If Facebook manages to raise this capital, it will be on a shortlist of biggest tech IPOs of all time.
Investment bank Morgan Stanley will act as lead underwriter, with Goldman Sachs and J.P. Morgan and others to take secondary positions. Shares are expected to hit the market in May.
For longtime followers of the social network, this is an exciting time and a culmination of the site’s eight-year rise from Mark Zuckerberg’s Harvard dorm room to world domination.
Additional Facebook IPO Coverage
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- Sheryl Sandberg Was Facebook’s Best-Paid Employee in 2011
The full S-1 filing is available here.
via mashable.com
