So Facebook tonight has filed for a May IPO – exactly as everyone expected. The key stats are that Facebook now has 845m users, 483m daily users, annual revenues of $3.7b, $1.8b operating profit and $1b net profit. These figures are less than the guesses that the pundits had made. Facebook intends to raise just $5b – but one expects this might rise as the IPO gets closer. No idea of pricing/valuation was given but the range most are now talking about is $75-$100b. Morgan Stanley (who IPOed Groupon and Zynga last year) gets the lead banker role and possibly up to $500m in fees.
I’m sure you are all sick of the Facebook IPO by now – if you aren’t you soon will be. Anyway, you can always re-read my Facebook IPO post of last week.