Today Facebook is reported to be filing papers to sell its stock on the open market. The paperwork is to be turned in to the Securities and Exchange Commission today.
This means investors may soon be able to own a small slice of the world’s largest online social network.
Several reports said Facebook is expected to file documents with regulators for a $5 billion IPO or Initial Public Offering of stock.
Facebook makes most of its money through advertising because it’s a privately held company and has not had to release its financial investments.
That means there is no telling exactly how much its stock will be worth on the open market.
The pre-IPO price for Facebook based on private trading markets is somewhere in the $80 billion to $100 billion range.
Facebook will not have to open up about its finances until it actually starts trading. That usually does not happen until months after a company’s first IPO filing.
There are over 153 million Facebook subscribers in the United States, 43.5million subscribers in India the largest outside USA and over 200,000 subscribers in Iceland.
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