WASHINGTON - Facebook IPO hype reaches a milestone on Wednesday as the company files its paperwork to go public with federal regulators.
IPO is when a company can get on the radar, attract capital and basically raise a lot of money very quickly.
Companies want to go public so they can unlock the value of their enterprise.
When you can get investors to buy shares of your company, and then those shares are traded on the stock market it also gets you more money.
9NEWS business reporter Gregg Moss talked more about it this morning on 9NEWS 7 a.m. Watch the video above to learn more about how this will affect Facebook users.
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