Facebook IPO: $5 Billion Filing to Sell Stock in May

Facebook, in one of the world's most widely anticipated IPOs, or initial public offerings of stock, filed papers this afternoon to raise at least $5 billion and begin to sell stock this spring. The filing was made online with the Securities and Exchange Commission in Washington. If all goes as planned, it will likely take until May for Facebook stock to begin trading on a stock exchange. "There is a huge need and a huge opportunity to get everyone in the world connected, to give everyone a...Full Story
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