Facebook Files for $5 Billion IPO, Investors Keep An Eye

Finally the rumor mill running speedily since last one month can take rest. The Social Network giant, presently holding 845million active users, has filed for an Initial Public Offering (IPO) a few hours back. The company is expecting to raise $5 billion which if it does, then it will be counted as one of the biggest tech IPO of all times. 

Morgan Stanley will act as a lead underwriter followed by Goldman Sachs and J.P.Morgan. Facebook seeks to trade under the stock symbol "FB" when it goes public in May this year. With this IPO's process, internal documents reveal that nearly 2.7billion likes and comments are received each day. 

Zuckerberg's 2011 salary of $500,000 will be dropped down to $1 as of January 2013, but his 28.4 percent stake in the company would allow his net worth to rise up to almost $30 billion

It's a historic event to witness a small start-up to rise at such speed in just a span of 8yrs. Analysts believe that this could turn out to be the biggest IPO of all times. Let's face it, Facebook without second thoughts is the largest online data platform and investors will surely pay for this.