Facebook IPO Today!!!

Finally the day has come!!!!
Facebook founder and CEO Mark Zuckerberg is set to make at least $846 million as the company goes public.

Facebook had announced that it will sell 337.4 million shares at a price range of $28 to $35 in its initial public offering. According to the company’s filings with the SEC, Zuckerberg will be selling 30.2 million of his own shares.

On the low end of the price range, that would make him $846 million richer. On the high end, he would net $1.05 billion.

According to the filing, most of that money will go to paying Zuckerberg’s taxes. Which, considering the 60 million shares the CEO will acquire through an outstanding stock option, are about to increase significantly.

Facebook’s valuation of $88 billion or more would make it the most valuable U.S. company today (after IPO)

The record is currently held by Google, which was valued at $23 billion when it went public in 2004.

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