Facebook files for $5 Billion IPO
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.