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.
Click here to receive FREE breaking news email alerts for Morgan Stanley and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com