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

Quick Facts

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade MS now with 
Follow RTT