Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday February 01, 2012

Facebook Files For $5 Billion IPO

Facebook has filed the papers for its initial public offering and the press are already using terms like "breathless speculation." Ummm, what?

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. Facebook had discussed raising as much as $10 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.