Facebook files for IPO; hopes to raise $5 billion - [internet]
06:15 PM EST - Feb,01 2012 - post a comment
Status update: Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set preliminary goal of $5 billion.
The filing sets the stage for an IPO in May. The important stats right off the bat: 845 million users; 483 million daily users; annual revenue of $3.7 billion; $1.8 billion in operating income and $1 billion net income.