The much anticipated initial public offering (IPO) of social media giant Facebook is now official. The company has filed preliminary documents to go public and is looking to raise amount in region of $5 billion.
The lead underwriting position is going to be held by investment bank Morgan Stanley, while Goldman Sachs, J.P. Morgan and few others will take additional responsibilities. The shares are expected to hit the market as early as May 2012.
We are not sure whether Facebook will be successful in achieving their $5 billion target, but if they do, then the company will be become the 26th largest in the world worth $100 billion — just behind McDonalds.
The full filing is available on United States Securities and Exchange Commission website and is available for everyone to see.
Is Facebook really worth $100 billion considering their expectation of just $5 billion? Let us know in comments.