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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.