News Alert: Facebook files documents for IPO

Wednesday, February 1, 2012

   
The Washington PostWednesday, February 1, 2012 5:06:26 PM
NEWS ALERT

Facebook files documents for IPO


Facebook filed for its initial public offering Wednesday. It will be listed under the ticker FB. The company is expected to begin trading shares in the second quarter of this year. The company is trying to raise $5 billion, far less than analysts had predicted in the weeks leading to the filing.

Facebook's 2011 revenue was listed $3.7 billion, as compared to $1.9 billion in 2010.


Read more at:
http://www.washingtonpost.com/business/economy/facebook-files-for-ipo/2012/02/01/gIQApTtciQ_story.html



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