On Wednesday, Facebook filed the prospectus for its initial public offering. The social giant seeks to raise $5 billion in initial funding. Thatâ??s in line with some of the largest IPOs in technology history, and it comes eight years after the company was first launched in the Harvard dorm room of CEO Mark Zuckerberg. According to the companyâ??s IPO filing, in 2011, it recorded revenue of $3.7 billion, operating income of $1.75 billion, and net income of $1 billion. While the companyâ??s S-1 filing does not list how much shares will cost upon the date of the IPO, Facebookâ??s most recent estimate as of December 31 puts the per share price at $29.73.
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