Last night, Facebook officially filed its Initial Public Offering (IPO) to the Security and Exchange Commission (SEC), this 150 page report outlines details of Facebook going public and is currently waiting for SEC approval. In this report there is no real surprise as this has been in discussions for over two years between underwriting companies and Facebook itself. The company is looking to seek an income of $5 billion although early estimated could see it nearly double that as the company’s is being valued at $75 to 100 billion. This could become the largest IPO from an Internet Company since Google raising nearly $2 billion in 2004. Also in this reports is a 2000 word letter from the creator, Mark Zuckerberg, discussing the focus should be on quality products first and company second. Facebook is expected to become available this spring to either the NASDAQ or NYSE (currently in discussion) under the ticker ‘FB.”

With all that said, would you purchase a share or two of Facebook when it goes public this spring? Is Facebook really the next Google? Do you think the IPO will help the company or fail it with a lower evaluation value? All these questions will be answered as early as this Spring when it’s IPO goes live, only time will tell. Also, I will be covering more in detail in the coming months in regards to the Facebook IPO and the 150 page report as it goes live.