Facebook’s IPO: What We Know So Far

Facebook is expected to IPO today, according to news reports, and details are starting to leak out. If you believe the papers, here’s what we know as of this morning:

IFR:

“Facebook is expected to file to raise US$5bn in a preliminary IPO prospectus on Wednesday morning, which while less than anticipated could be increased to satisfy ultimate investor demand”

“the company has been unusually guarded about the process for selecting banks involved in the underwriting syndicate” Read More