Facebook has as rumored finally applied the prelimnery prospectus for it’s initial public offering or IPO as it’s commonly known as. With the IPO the social media giant is aiming to generate $5 Billion which is they succeed to do will make it one of the biggest Technology related IPOs of all time.
Morgan Stanley of Investment Bank will be the lead underwriter while Goldman Sachs and J.P. Morgan would be joining him in secondary positions.
Shares are expected to hit the stock market sometime in May.
Via: Mashable
Stay tuned to TechDeville for everything Tech! Follow us on Twitter (@TechDeville), add us to your Google+ circles and like us on Facebook.
Incoming search terms:
- facebook applies for ipo