Facebook Files $5 Billion IPO, Values it at Nearly $100 Billion

Facebook Inc., has finally filed to go public with its IPO, with plans to raise US $5 billion, according to a figure used to calculate the registration fee. The company seeks to trade under the ticker symbol "FB", although it did not list an exchange. It is speculated by those close to the company that Facebook is aiming at a far greater offering that will value to the company close to $100 billion. Facebook also provided some interesting stats about its operations in its filing. The EDGAR filing documents can be accessed here.

Source: Engadget