Facebook IPO
After much anticipation, Facebook filed its paperwork for an initial
public offering Feb. 1, 2012, the same week the world's largest social
network celebrates its eighth birthday.
Facebook's S-1 revealed it is looking to raise $5 billion, and it has a
valuation estimated at $100 billion. That would make the social network
about four times the value of Google at the time it went public in 2004
with a valuation at $23 billion the day after.The Facebook IPO filing revealed some details that had previously been private about the company. Facebook — which earned $1 billion on sales of $3.7 billion in 2011 — now has 845 million active users on the site, up from the estimated 800 million using the site back in September. It also revealed salaries of execs, including founder Mark Zuckerberg's $500,000 salary, COO Sheryl Sandberg's $300,000 and CFO David Ebersman $300,000.
The company recently pushed out its new Timeline feature to all users and stopped its share trading on secondary markets, both without explanation -- early hints at an impending IPO filing.
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