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NEW YORK, February 2 (ITAR-TASS). -- The world's largest social network Facebook, which connects 845 million users started an official preparation process for placement of its shares on the stock market. On Wednesday the company filed the required papers with the U.S. Securities and Exchange Commission.
Facebook, which was founded by Mark Zuckerberg in 2004, plans to raise $5 billion through its I.P.O. Earlier it was reported that the company might sell its shares for no less than $10 billion. According to experts, rather conservative plans of Facebook's management are linked with their intention of testing the market. In case of high demand the numbers are expected to increase in the future.
The placement of Facebook shares on the market will be carried out by six American investment banks: Goldman Sachs, Bank of America - Merrill Lynch, Barclays Capital, JPMorgan and Morgan Stanley. According to media reports the leading role will be given to the latter.
It is expected that the public placement of Facebook shares would become one of the largest in the history of the U.S. market and in many ways decisive for many other Internet companies. According to expers, after placing its shares on the stock market the company's capitalization might reach $75-100 billion.
It is expected that a public offering of shares of "Facebook" will be one of the largest in the history of the U.S. market and in many ways decisive for many other Internet companies. According to experts, after the stock market capitalization of the company could reach 75-100 billion dollars.
In documents filed with disclosed financial performance of the "Facebook". In particular, the company's earnings in 2011 totaled 3.71 billion dollars, net profit - $ 1 billion.