Facebook friends Wall Street with planned $5 bn IPO | Bangkok Post: news

Investors have come down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street.

A Facebook sign is seen at the main entrance of company's new headquarters in Menlo Park in California. Investors have come down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street.

The paperwork filed on Wednesday for the initial public offering provided the first glimpse of the financial details of the Web giant launched eight years ago by Mark Zuckerberg from his Harvard University dorm room.