OFFICIAL: Facebook Files for IPO

by Knowlton Thomas | Culture

It's finally official. As per prior reports, Facebook has filed the preliminary prospectus for its much-hyped initial public offering.

Mark Zuckerberg's company is aiming to raise $5 billion. Investment  bank Morgan Stanley will act as lead underwriter. Goldman Sachs and J.P. Morgan will take secondary positions. The stock is anticipated to go public in May.

Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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