Facebook filed paperwork in February 2012 to go public through an initial public offering (IPO) scheduled for late May of that year. The filing revealed Facebook was seeking to raise $5 billion and had a valuation of $100 billion, which would make it worth four times more than Google at its IPO in 2004. The filing also disclosed details about Facebook's business, including having 845 million active users and salaries for executives like CEO Mark Zuckerberg.