Company: BT GROUP PLC

Facebook Inc. and its shareholders have raised $16 billion in an initial public offering of stock. It is by far the largest IPO ever for an Internet company.

Facebook and its shareholders are hoping to raise as much as $11.8 billion in an initial public offering of stock. It would be the largest IPO ever for an Internet company. Here are the top 10 so far, according to Renaissance Capital, an IPO investment adviser:

British Telecom (BT) posted a full-year operating profit of 849 million pounds ($1.37 billion) on Thursday on revenue of 4.8 billion pounds, attributed in large part to the addition of 10 million broadband customers in the last year.

Facebook is hoping to raise as much as $11.8 billion in an initial public offering of stock. It would be the largest IPO ever for an Internet company. Here are the top 10 so far, according to Renaissance Capital, an IPO investment adviser:

Britain's BT said on Friday it would pay 2 billion pounds ($3.17 billion) into its pension fund this month as part of a new, nine-year deal that results in much smaller annual cash payments.

Lower regulatory charges, cost cuts and strong demand for a wide range of services enabled Britain's BT to post solid third-quarter core earnings on Friday and lift aspects of its forecasts.