As widely expected, Facebook just filed an IPO prospectus with the Securities & Exchange Commission to raise $5 billion, as widely expected, in an initial public offering of shares, under the ticker “FB,” with Morgan Stanley, JP Morgan, and Goldman Sachs as lead underwriters. You can read the full prospectus here, if you can get through to the Edgar site, which is currently slammed, as you can imagine.
That $5 billion is of course a placeholder amount and may change in the final analysis.
The prospectus lists $3.71 billion in revenue in the year ended in December, and $1 billion in net income, slightly different from the figures mentioned earlier today. Revenue rose 88% last year, and 154% the year prior.
The company recorded $3.9 billion in cash, cash equivalents and marketable securities.
The company had 117.1 million Class A shares of common stock at the end of December, and 1.76 billion shares of Class B common stock.
Founder Mark Zuckerberg tops the list of shareholders, with 533.8 million Class B shares, or 28.4%. But Zuckerberg also “holds an irrevocable proxy” over another 1.07 billion worth of Class B shares and 42 million Class A shares representing 57% of the stock. COO Sheryl Sandberg holds 1.899 million shares of Class B stock.
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