FB Goes Public: Watch Facebook Billionaire Mark Zuckerberg Ring Nasdaq's Opening Bell [Video]

by Knowlton Thomas | Culture

Today, social network Facebook went public for $38 per share at a total valuation of $104 billion. Founder, CEO, and now multi-billionaire Mark Zuckerberg rang the opening bell for the Nasdaq from his company's headquarters in Menlo Park, California, this morning. Naturally, he was wearing his signature hoodie.

Facebook is selling 421,233,615 shares of common stock to raise $12 billion in capital. This is the largest technology IPO in history. Under the ticker symbol "FB," Facebook shares are currently up over 5% to more than $40, pushing the company's valuation to $110 billion.

Photo: Forbes

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes and author of Tempest Bound. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys hiking, tennis, and martial arts. more

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