Facebook Officially Files For IPO
Facebook has filed papers for its initial public offering, which is expected to make a bunch of people really, really rich. The documents, in which Facebook sets a preliminary goal of $5 billion, were filed yesterday with the Securities and Exchange Commission. The actual pricing of the stock or date for the IPO has yet-to-be-announced, though it’s expected to happen in May. Facebook claims 845 million users and annual revenue of $3.7 billion.
Facebook has filed papers for its initial public offering, which is expected to make a bunch of people really, really rich. The documents, in which Facebook sets a preliminary goal of $5 billion, were filed yesterday with the Securities and Exchange Commission. The actual pricing of the stock or date for the IPO has yet-to-be-announced, though it’s expected to happen in May. Facebook claims 845 million users and annual revenue of $3.7 billion.
