Social media giant, Facebook has filed for an initial public offering with the aim of raising around $5 billion in spare change for a public stock sale that would value the company at between $75 billion and $100 billion.
‘Among the surprises in Facebook’s S-1 Filing were 2011 revenues, which at $3.7 billion, came shy of what analysts expected. ‘
I’m no financial expert so i have no clue what i just wrote in those fisrt two paragraphs. And it’s 4.30 am in the morning and i may be sleep blogging.
Look here’s a video i found with a lady who seems to know more than i do.
What she said.
And this from the Wall Street Journal.
“Facebook Inc. filed for an initial public offering Wednesday that could value the social network between $75 billion and $100 billion, putting the company on track for one of the biggest U.S. stock-market debuts of all time. The company hopes to raise as much as $10 billion when it begins selling shares this spring, said people familiar with the matter. Potential buyers got their first look at its financials Wednesday, which showed the company produced a $1 billion profit last year from $3.71 billion in revenues.” [WSJ]
Go read the rest HERE if you wanna see the fine print.