Facebook Files For $5 Billion IPO. Here Are The Numbers.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Facebook has just filed for an IPO. The social network company is looking to raise about $5 billion. Hundreds, or possibly thousands, of employees at the company will become millionaires as a result. This is great news for the tech community because this means that there will be a lot more angel investors created as a result. Here are some of the numbers based on the S-1 that the company filed.
Facebook has 845 million users, 483 million daily users, 2011 revenue of $3.7 billion, $1.8 billion in operating income, and $1 billion in net income. Facebook chose Morgan Stanley as the lead bank to handle their IPO.