NEW YORK, United States (U.S.) – Eight years after its inception, the social networking giant Facebook will submit applications for the public offering to sell its shares in the open market.
According to local media reports, Facebook has over 800 million users is scheduled to submit a prospectus for initial public offerings (IPOs) to the Commission U.S. Securities and Exchange Commission as early as yesterday morning.
News on IPOs of Facebook applications exposed daily Wall Street Journal last week, AFP news agency reported.
According to the paper, the company is based in Palo Alto, California is planning to collect a total of U.S. $ 10 billion (RM30.4 billion). However, the target of U.S. $ 10 billion was reduced to almost half in some new report published yesterday in the press The New York Times and International Financing Review . However, Facebook led young billionaire, Mark Zuckerberg does not disclose the number of shares or public offering price of the list.