Facebook raises $1.5 billion in their latest round

Facebook has announced that they have raised around $1.5 billion from investors.

This round puts their market value at around USD 50 billion.

The company added that they are aiming to start filing public financial reports by May next year.

That might be the time period when we would start hearing about the IPO launch by the company.

This latest round of investments is primarily from non-US companies and was managed by Goldman Sachs.

Posted in: corporate news