Aims USD 5 Billion, Facebook Beat Google IPO – Facebook’s step to take the floor on the stock is officially done. This was after Facebook filed documents for Initial Public Offering (IPO) to the U.S. Securities and Exchange Commission. In documents, Facebook admitted expect to reap about $ 5 billion when the IPO was held.
Previous the company that is raised by Mark Zuckerberg was eyeing USD 10 billion, but the value of USD 5 billion seems more plausible, but it still depend on interest of investors.
Facebook now has 845 million registered users worldwide, where 483 million users of them to check their Facebook accounts every day.
In terms of revenue, a company that is based in Palo Alto , California , USA
Reported by Neowin, Facebook share sale is expected to be realized in the second quarter in 2012, probably in May. The trading symbol will use 'FB', but it’s not mentioned which stock exchange will be used.
With USD 5 billion fund, Facebook IPO will be the largest in IT company history, beating the Google IPO in 2004 that grossed $ 1.9 billion.
