IP-Oh! - WM Briefs
After months of anticipation, Facebook finally filed its initial public offering with the SEC. The initial plan was to raise at least $5 billion, but many expect that the figure will reach as much as $10 billion by the time the company officially goes public in the spring. In 2011, Facebook reportedly earned approximately $3.7 billion, mostly from advertising, but the Wall Street Journal reports that the social network could be worth anywhere from $75 to $100 billion. Regardless, it looks like Facebook will easily outdo Google’s 2004 IPO, which valued the search engine pioneer at a measly $23 billion.