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Facebook finally files for IPO

Econsultancy blog  Feb 02 12

The wait is over. Last night Facebook filed its much-anticipated S-1 paving the way for an IPO which could happen in as little as a few weeks.

The company, which was founded in a Harvard dorm room in 2004, is looking to raise $5bn - though there is still the possibility that it could raise as much as $10bn if it sees strong demand.

The juicy details of the S-1 that industry observers were eager to review are, of course, the company's financials. They're certainly impressive. Last year, the world's largest social network took $3.7bn in revenue and had a net income of $1bn. That was up from under $2bn in revenue and $606m in profit the year prior. Full story...



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