We had heard it was gonna happen this week, and sure enough it did!
Today, on the eighth anniversary of its existence, Facebook finally filed its long anticipated IPO with the Securities and Exchange Commission, which revealed that they have over 800 million users…and they're worth almost $4 billion!!!!!!!!
Here are some more facts and figures that came from their filing:
Tags: advertisers, facebook, ipo, revenue, securities and exchange commission, users
The stock market is about to get more fashionable!
American designer and Project Runway judge Michael Kors is looking to conquer the New York Stock Exchange by going public.
The company's initial public offering will be around 48 million shares at $17-$19 per share under the KORS ticker.
Would U buy Michael Kors stock???
[Image via Jeff Grossman/WENN.]
Tags: ipo, kors, michael kors, new york stock exchange, nyse, public
Want some stock in Facebook?
With a valuation of $100 billion, insiders say the world's most famous social network may be going public as soon as the first quarter of next year.
Facebook COO Sheryl Sandberg said last month that a Facebook IPO (initial public offering) was "inevitable", although the company has not confirmed or denied her statement.
The company is approaching 500 investors, but once it crosses that barrier Facebook will have to report quarterly financial data in order to comply with the Securities and Exchange Commission. Sources are saying that the management is thinking the company might as well become publicly traded at that point.
The IPO may benefit employees too. Instead of raises in salary, employees being rewarded for their hard work may soon be receiving stock in the company whose growth doesn't show any signs of slowing down anytime soon!
If Facebook goes public, will you be investing in any stock?
Tags: company, confirmed, first quarter, initial public offering, ipo, network, share, social network, statement, stock