Facebook IPO Official: Facebook Goes Public, Raise is $5B and We’re Off

Creating 1,000 more Slicon Valley millionaires in high-end cars, Facebook officially now is a public company. It just issued its Initial Pubic Offering on Wall Street. Its S-1 says the IPO is a $5 billion raise, half what analysts expected late last night.. An $80B valuation for the Silicon Valley social networking giant is likely. Stay tuned. S1 doc here in this story, plus figures and an explanatory infographic of Facebook’s numbers. UPDATED

(BREAKING) UPDATED 1:58 p.m. NEW YORK: It’s official. Facebook now is a publicly traded company — its raise, we learned minutes ago, will be $5B.

In its S-1 SEC filing, released and included for download below, no valuation has yet been set.

That leads this reporter to believe the company is still sorting out the size of the offering share-wise. Originally a $10B raise was expected — cutting the number of shares is an occasional tactic for getting a quick price hike on entering the market IPO day.

We’ll know soon, but this could well be the biggest ever IPO for a tech company. It will be right up there, at any rate.

Again, the raise is $5B, which many analyists expect to pop up. Facebook’s SEC S-1 filing does not include an official listing, as you read below. Stay tuned. An $80B valuation is widely expected on the street.

According to its filing, the new public company has $1.8 billion in operating income, $1 billion net income, exactly 483 million active daily users out of 825 million total, internationally.

Now, some observers are objecting that Facebook is overpriced — it’s valued at a some 100 times earnings. That’s one heck of a price/earnings ratio. That’s extraordinary and huge compared to even such companies as Apple and Amazon. Can Facebook meet expectations?

facebook ipo

Today is, probably not accidentally, the eighth anniversary of Facebook’s founding.

Per SEC regulations, new public companies must set expectations. Here’s what the filing says:

Historically our user growth has been a primary driver of growth in our revenue. Our user growth and revenue growth rates will inevitably slow as we achieve higher market penetration rates … as our revenue increases to higher levels … and as we experience increased competition

Here’s the S-1 Facebook filing with the SEC. This seals the deal. Meet FB, the publicly-traded US Company, as seen by the Securities and Exchange (SEC) commission.


Here’s what Facebook’s business and revenue looked like just before the company officially went public moments ago.

Graphic Courtesy: Statista

groovyPost.comeditor-in-chiefBrian Burgess Contributed to this story about the Facebook IPO.

About the author

Gina Smith

Gina Smith

Based in San Francisco, Gina Smith is a New York Times bestselling author and an award-winning journalist online, in print, radio and national TV. A former tech correspondent for ABC News, Gina founded aNewDomain with John C. Dvorak and Dr. Jerry Pournelle. Email Gina at and follow her @ginasmith888 and on Google+ through her page at +Gina Smith.

  • After following this all night, I’m glad it’s out already! Soon there will be fancy Lambourginis and Ferraris making noise all over our quiet SF city streets. Congrats to 1,000 new FACEBOOK millionaires, anyway. I believe you worked hard for it.

  • Tell me about it, I haven’t been to sleep yet! Maybe now I can go to bed.

  • *You* couldn’t sleep? Imagine being one of those about-to-be millionaires (and billionaires) — what kind of a week or month have you just had?

  • Jeremy Lesniak

    Mac – I’d like to find out what that’s like!

  • That would be cool. I got the wanderlust bad. Would be nice to go explore. Maybe go to mars.

  • I can imagine it, Mac.

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