logo
Share SHARE
FONT-SIZE Plus   Neg

Facebook Files For IPO Of Up To $5 Bln Of Class A Common Stock - Quick Facts

Facebook, Inc. disclosed in a regulatory filing that it has filed for an initial public offering of up to $5 billion of its Class A common stock. The company intends to apply to list its Class A common stock under the symbol "FB", but it did not disclose in which exchange it plans to list.

Mark Zuckerberg, its founder, Chairman, and CEO, will also be offering shares in this initial public offering. The company had revenue of $3.71 billion in 2011, compared to $1.974 billion in 2010. The company had 845 million monthly active users as of December 31, 2011, an increase of 39% from 608 million monthly active users as of December 31, 2010.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT