02/02/2012
Facebook IPO Set to Raise $5-Billion
That's right, Facebook is set to file an IPO today that will raise $5-billion for the company. In other words, "Facebook will reportedly sell $5 billion worth of equity to outside investors, and will use that money to grow its business/buy yachts." Continue reading to see some of the coolest Facebook Timeline art.
That $5 billion might sound like a lot, but it's actually about half of what had been rumored. And it is small, given that the total value of Facebook, public company, is expected to be a whopping $100 billion.[via Gizmodo - WebUrbanist]
