Facebook sold 82 million shares in the first 30 seconds of trading Friday. And trading volume exceeded 100 million shares after four minutes. Facebook priced its shares at $38 each, which values the company at $104 billion.
The initial public offering is historic. It’s the largest IPO in Nasdaq history and the second-largest IPO ever, trailing only Visa.
Facebook founder Mark Zuckerberg is currently estimated to be worth $21.2 billion. Zuckerberg rang the trading bell on Friday to open trading from company headquarters in Menlo Park, Calif.
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