Status Update: Facebook Checks In At SEC For $5B IPO

Thu, 02/02/2012 - 01:01 EDT - Seeking Alpha

By Renaissance Capital IPO Research:
Facebook, the company that encourages us to share more and more about ourselves, has finally opened its books for investors. The social media king registered with the SEC on Wednesday for a $5 billion US IPO, and the numbers are staggering. After just eight years, its monthly active user base has surpassed 800 million, and 2011 sales were $3.7 billion. Even after a string of large Internet IPOs from Renren (RENN), LinkedIn (LNKD), Groupon (GRPN) and Zynga (ZNGA), the Facebook offering stands far apart. As was rumored, Morgan Stanley took the coveted lead left spot on the IPO. Also chosen as lead underwriters were J.P. Morgan and Goldman Sachs, which invested $450 million early last year. The ticker was announced as FB, and market rumors have it listing on theComplete Story »

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Status Update: Facebook Checks In At SEC For $5B IPO

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