Facebook made its second amendment to its IPO filing on Wednesday evening. While many of the details are the same, the number of bankers is quite a lot. The largest social network claims 845 million monthly active users, 483 million daily active users, 2.7 billion “likes and comments” per day, 250 million photos uploaded per day, and 100 billion friendships.
While Facebook has still not officially selected its exchange to list on (NASDAQ or NYSE), the ticker is going to “FB” on the exchange it selects.
Underwriters are as follows: book-runners are MORGAN STANLEY, J.P. MORGAN, and GOLDMAN SACHS; co-managers are BofA MERRILL LYNCH, BARCLAYS CAPITAL, ALLEN & COMPANY, CITIGROUP, CREDIT SUISSE, DEUTSCHE BANK SECURITIES, RBC CAPITAL MARKETS, and WELLS FARGO. What is amazing is that Facebook actually listed about 25 underwriters deep in the filing.
The company also disclosed that it has taken credit lines which will allow the company to fund part of its tax burden from the stock option taxes that will be headed its way.
Facebook will also have the A and B shares, which we already knew about.
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