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Will Facebook's IPO Unbottle Southern California's Pipeline?

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The firm reported net income of $1 billion on revenues of $3.7 Facebook filed for its IPO Wednesday afternoon, saying that it is looking to raise up to $5 billion, in what is expected to be the biggest IPO since Google. billion in 2011 in its S-1, which is being underwritten by Morgan Stanley, J.P. Morgan, Goldman Sachs & Co.,