In an announcement that Facebook hopes will be “liked” by many, the world’s largest social network filed to become a publicly listed company late Wednesday. Documents filed with the U.S. Securities and Exchange Commission provide investors and Facebook users the first public glimpse of the company’s financial state, technological challenges, and ambitions.
In its S-1 filing, Facebook said it is trying to raise $5 billion through an initial public offering of shares, which would make it the biggest Internet IPO to date. The stock will trade on either the Nasdaq Stock Market or New York Stock Exchange, most likely under the ticker symbol “FB.” The $5 billion figure may change by the time Facebook’s stock begins trading— something that typically happens several months after a company files its registration statement.
A company’s S-1 filing contains details of the company’s financials and statements about its goals, assets, and any potential dangers to the business. Technology Review read Facebook’s and found these interesting tidbits:
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