Facebook filed its IPO with the Securities and Exchange Commission today, announcing its intent to sell 337,000,000 shares at between $28 and $35 apiece in what will become the biggest stock offering from an Internet company since Google went public in 2004.
The $11.8 billion IPO puts the valuation of the company at somewhere between $77 and $96 billion. Facebook founder Mark Zuckerberg, 27, stands to gain as much as $17.6 billion in the IPO, which would make him richer than Microsoft CEO Steve Ballmer.
http://abcnews.go.com/Business/facebook-ipo-social-network-site-85-95-billion/story?id=16263419#.T6MTtp9Ysmw
The $11.8 billion IPO puts the valuation of the company at somewhere between $77 and $96 billion. Facebook founder Mark Zuckerberg, 27, stands to gain as much as $17.6 billion in the IPO, which would make him richer than Microsoft CEO Steve Ballmer.
http://abcnews.go.com/Business/facebook-ipo-social-network-site-85-95-billion/story?id=16263419#.T6MTtp9Ysmw