The wait is finally over: The world’s largest social networking giant, Facebook has just filed for its Initial Public Offering [S-1 documents]. As expected and from earlier reports, Facebook is looking to raise $5 billion in its IPO bid. The company has just filed the preliminary prospectus – S1 documents with the Securities and Exchange Commission Wednesday afternoon to raise $5 billion.
Cited earlier, Facebook plans to trade under the ticker symbol “FB.” According to the filing, Morgan Stanley, JP Morgan and Goldman Sachs are the lead bookrunners on the IPO; Bank of America Merrill Lynch, Barclay’s Capital, and Allen & Company are also listed as underwriters.
Some Key Numbers:
- Facebook now has 845 million monthly active users and 483 million daily active users.
- Facebook made $3.7 billion in revenue in 2011, an 88 percent boost in Y-O-Y revenue compared to 2010, when the company made $1.97 billion in revenue.
- The company has been solidly profitable for at least three years — its net income for 2011 was a whooping $1 billion.
- The company had $3.9 billion in cash and equivalents on its books as of the end of the 2011 calendar year.
- Co-founder and CEO Mark Zuckerberg’s base salary was $500,000 in 2011, COO Sheryl Sandberg’s was $300,000.
- Zynga accounted for 12 percent of Facebook’s total revenues in 2011.