Facebook just filed the preliminary prospectus with the SEC for its highly anticipated initial public offering(IPO)
As previously thought , the company is looking to raise $5 billion. If Facebook succeeds i raising this money, it will be among the biggest tech field IPO’s of all time.Morgan Stanley will serve as the lead underwriter with Goldman Sachs, J.P. Morgan and others taking secondary positions. Shares are not expected to hit the exchanges until May at the earliest.
For the worlds largest Social Media Site, this is an exhilarating time and the climactic stage of the site’s 8 year rise to power from a dorm room to the dynamo it is today.
The Facebook S-1 is available here.
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