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Facebook files for $5 Billion IPO

on February 2, 2012 | Facebook | Comments (0)

It has finally happened – Facebook has filed with the US Securities and Exchange Commission (SEC) to raise $5 billion USD.

In the process many of Facebook’s employees will be able to sell their own shares in the company – as a result many will become millionaires.

This is a conservative IPO for Facebook as many have speculated more money, around $10 Billion would be raised.

We are going through their filings and will report soon more findings on this.

This is very symbolic – Facebook was launched 8 years ago to the day, February 4th – 2004.


David Cowling :

Editor and Founder of SocialMediaNews.com.au. I also run a Social Media Agency where I do consulting work and another blog dedicated to Instagram news. Connect with me: Twitter | LinkedIn | Google + or contact me here. Alternatively, you can send me an email at david@socialmedianews.com.au











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