Facebook has finally filed to go public, with plans to raise at least $5bn. The 845m-strong social network’s S-1 registration statement appeared on the US Securities and Exchange Commission’s website on Wednesday afternoon.
Some key facts from the IPO filing: founder Mark Zuckerberg has a 28.4 per cent stake worth $22.7bn, based on a $80bn valuation for the company. Facebook made $1bn on $3.7bn in revenues in 2011. It will trade under the symbol FB and Morgan Stanley is the lead broker.
After the jump, a breakdown of the contents of the 192-page filing and reaction from around the web as reported in our live blog. Read more