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Reports: Facebook to File IPO Paperwork Wednesday

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By Bay Citizen Staff|January 31, 2012 3:29 p.m. |In Technology
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Facebook will take a big step toward becoming a public company Wednesday, when it files its initial public offering prospectus with the Securities and Exchange Commission, the International Financing Review reports.

The company hopes to raise $5 billion from the offering, according to IFR. The New York Times reports that "the final amount could differ significantly" and that the company "could still decide to delay its filing."

Facebook's IPO is perhaps the most anticipated stock sale of the past few years.

Kara Swisher of AllThingsD reports that Facebook's board met Tuesday afternoon to finalize the documents. Swisher writes that Facebook and its CEO, Mark Zuckerberg, want to conduct the IPO "with as little drama as possible."

And she reminds us that Zuckerberg started that company eight years ago, when he was still an undergraduate at Harvard.

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