Facebook on Wednesday filed its initial public offering eight years after Harvard drop-out Mark Zuckerberg founded the company in his Harvard dorm room.
The company is most likely preparing to make its market debut in April or May 2012 and the company is expected to be one of the top 20 public launched of all-time based on market valuation that will likely fall somewhere between $50 billion to $100 billion.
The companies filing with the SEC in which it hopes to raise $5 billion will make it the largest public launch since Google Inc. raised $1.9 billion in 2004, right around the same time Facebook was first getting started.
Shares will trade under the ticker FB and many analysts believe the $5 billion mark will be pushed up as the company gauges investor interesting in the social network.
Facebook shares are being underwritten by Morgan Stanley.
Remember when investors doubted the ability of a young CEO running Facebook? Looks like Zuck is proving them wrong time and time again.