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Digital
Facebook IPO could begin today
By CMU Editorial | Published on Wednesday 1 February 2012
Facebook is expected to file paperwork with regulators later today to initiate a $5 billion initial public offering, or so reports Reuters. Details about the plan to float part of the social networking giant remain sketchy, we don’t even know if it’ll use the New York or Nasdaq stock exchange, though Morgan Stanley is believed to be leading the share sale, in partnership with some other City firms.
The Facebook IPO, which has been a very long time coming, will be one of the largest US market debuts in history – and the biggest yet to come from the tech sector.