Facebook has spoken.
Its long-anticipated filing of the preliminary prospectus, which confirms its intent to go public. However, more coveted details of the offering have been disclosed.
Since Facebook has reached more than 500 private shareholders, it is required to disclose its financial progress. This spurred conversations about an IPO, and The Wall Street Journal announced Friday that Facebook would file on Wednesday.
“I’m looking forward to see the valuation of Facebook as we near closer to May,” senior Ryan Scott said. “It will certainly set a record within the tech industry. I’m just excited to see what the number will layout.”
Facebook is expected to offer shares to the public sometime in May.