Facebook Officially Files for $5-Billion IPO

Facebook has officially, and finally, filed for their IPO. The proposed IPO is smaller than the $10-billion one we have heard about for some time now. Make no mistake about it though, $5-billion will make this IPO the biggest in internet history and one of the biggest in tech history.

Morgan Stanley, JPMorgan Chase and Goldman Sachs are among the banks that will underwrite the offering for Facebook. The banks will be looking to price the shares to put the Facebook valuation between $75 and $100-billion.

According to its S1 that was filed with the SEC today, Facebook recorded revenues of $3.71 billion and earnings of $0.43 per share on net income of $1 billion. The site also boasts 845 million monthly active users, just over 12% of the world’s population.

We will bring you more on the IPO once we have had a chance to flick through this S1 document, it is not an easy task.