Welp! It’s official! Facebook just filed for its inital public offering (IPO) to the tune of $5 Billion Dollars! Once they raise enough capital to cover everything, it will become one of the biggest tech IPOS of ALL TIME! (and to think, it all began in a Harvard dorm room…) Many of Facebook’s 3,000 employees could now become Silicon Valley millionaires. Zuckerberg at age 27 – is already said to be the world’s youngest billionaire.
If all goes as planned, it will likely take until May for Facebook stock to begin trading on a stock exchange. Look out of the trading symbol FB…I know I’m excited to see how things lucratively pans out…
“There is a huge need and a huge opportunity to get everyone in the world connected, to give everyone a voice and to help transform society for the future,” said Mark Zuckerberg, Facebook’s CEO, in a letter that accompanied the filing. “The scale of the technology and infrastructure that must be built is unprecedented, and we believe this is the most important problem we can focus on.
If you had the cash to pay in the market, would you get in on this deal? Sound off below…
