Facebook, the world’s top social networking site, on Wednesday made its initial steps toward listing on the stock markets. FRANCE24.com takes a closer look at how this is going to happen.
After days of media speculation, social networking giant Facebook filed its initial public offering (IPO) to US markets watchdog, the Securities and Exchange Commission (SEC), on Wednesday.
The rise and rise of Facebook
Companies make IPOs in order to sell a proportion of their capital stock on the markets, thus raising funds needed to secure future development.
Date created : 2012-02-02