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The rumor, speculation and awkward Winklevii jokes can end (at least for now) as Facebook has officially filed for its public offering. Underwritten by Morgan Stanley and Goldman Sachs amongst others, the internet’s most popular site seeks to trade under the stock symbol “FB” when it goes public later this year. Seeking to raise $5 billion, the filing values the company at near $100 billion. It also gives a rare glimpse into the behemoth’s internal workings, revealing the service’s 845 million user base, and prior earnings of $229 and $606 million in 2009 and 2010, followed by a whopping $1 billion in 2011.
Developing…
Facebook files for IPO, seeks to raise $5 billion originally appeared on Engadget on Wed, 01 Feb 2012 16:52:00 EDT. Please see our terms for use of feeds.
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