Facebook officially files for IPO; has 845 million users

Facebook business watchers have been waiting for this day for a long time. Today, the massive social networking service announced that it will start trading some of its stock publicly sometime later this year. Facebook filed its papers for the IPO with the US Securities and Exchange Commission late today.

In its filing today, Facebook said that it is looking to raise about $5 billion when its IPO launches. There had been some rumors that the company was looking to raise $10 billion. It's more than possible that the $5 billion mentioned in the filing today could go up depending on investor demand.

In its papers, Facebook says it currently has 845 million users worldwide. It adds that it has 483 million users who check out Facebook every day, a pretty significant number no matter how you look at it.

Facebook's financial numbers are nothing to sneeze at. It claims to have $3.7 billion in annual revenue with $1.8 billion in operating income per year and a whopping $1 billion in annual net income.

Facebook expects that it will begin trading its stock sometime in the second quarter of 2012. The likely month for the stock launch could be May. Facebook will have "FB" as its trading symbol but did not name which stock exchange it will use.

Images via Facebook

Report a problem with article
Previous Story

Google fires back against Microsoft's privacy ad

Next Story

Kelihos botnet is making a comeback

23 Comments

Commenting is disabled on this article.

for easy it will be largest ever tech ipo, but it also will be most overvalued ipo. google and yandex made it on early development stages, but facebook is on its peak and will start fall in two-three years. it just won't stand competition to giants unless they sell them self to one of those giants.

Considering facebook had around 30,000 servers in 2009 and they keep adding 10,000 a year...I'm guessing they are getting up past 60,000 servers by now.

They definately need some cash to keep them running.

they where saying this IPO will make so many millionairs in califorina that it could fix the california housing market due to lots of high value sales and the tax revenue could fix the state deficit in the budget this coming year.... amazing what that much money moving into one region can potentially do

Can one just buy some shares on launch day, and hold on for the ride. Then sell them once you have made a mint?
If you have a trading account of course.

Wombatt said,
Can one just buy some shares on launch day, and hold on for the ride. Then sell them once you have made a mint?
If you have a trading account of course.

I they sell at the rumored prices, they will probably boom to begin with then crash rapidly - like most tech shares have or will do. Frankly I think the stock exchange has little to no knowledge on these sorts of companies, its only after a while they see the truthful picture. I think anyone who buys these should be looking at quick returns and not long term investments.

lt8480 said,

I they sell at the rumored prices, they will probably boom to begin with then crash rapidly - like most tech shares have or will do. Frankly I think the stock exchange has little to no knowledge on these sorts of companies, its only after a while they see the truthful picture. I think anyone who buys these should be looking at quick returns and not long term investments.

Totally agree with you!

I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.

neonspark said,
I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.
I think you posted on the wrong article. This is about Facebook.

neonspark said,
I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.

Stop fud spreading, people who make new google accounts today don't automatically get a google+ profile, they have to opt-in.

thealexweb said,

Stop fud spreading, people who make new google accounts today don't automatically get a google+ profile, they have to opt-in.


Off-topic but I signed up for another gmail account today and it automatically gave me a Google+ account, there was no 'opt-in' (or opt-out), it just created it automatically.

thealexweb said,

Stop fud spreading, people who make new google accounts today don't automatically get a google+ profile, they have to opt-in.


Um what?

If you make a Google Account, you are already in Google+

neonspark said,
I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.

Wow you really don't know much about what you are speaking about. You are wrong on so many levels. Google announced during their earnings call that they had 90+ Million Google+ members. They also said said they have 250 Gmail users. So by your foolish math, it doesn't add up. Please be quiet.

Edited by UndergroundWire, Feb 2 2012, 2:58am :

thealexweb said,

Stop fud spreading, people who make new google accounts today don't automatically get a google+ profile, they have to opt-in.

Furthermore, do not you need a FB account to join Spotify?

neonspark said,
I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.

Typical troll...

neonspark said,
I love it how google inflates their number by giving people google+ acounts when they do anything. google's true number of active accounts must be so sad that if they were to pulbish it, it would be called the KIN of social networks. too little too late.

The sad truth is that the real number of active users for Google+ is still higher than all of Windows Phone sales (not shipping). So if Microsoft is still marketing that garbage why shouldn't Google market their social network?

This is good news, goes to show if you make the right moves you and your company can make it to the top. Mr. Zuckerberg is on his way to being wealthy like Bill Gates and Warren Buffett and he has not even hit 30 yet.

ITOps said,
This is good news, goes to show if you make the right moves you and your company can make it to the top. Mr. Zuckerberg is on his way to being wealthy like Bill Gates and Warren Buffett and he has not even hit 30 yet.

He might, he might not; Gates and Buffet, IMO, operate on more "solid ground".

My Space was a must few years ago, now is gone.......... I would always prefer MS shares than FB ones...........