Zuckerbrerg and Co. to sell $5.5 billion stock of Facebook IPO

Facebook CEO Mark Zuckerberg and his employees are set raise a solid amount of money following the company's initial public stock offering later this month.

Chief Executive and co-founder Mark Zuckerberg and investors plan to sell as much as 5.5 billion dollars in stock in an anticipated IPO, The Los Angeles Times reports.

They will sell 157.4 million shares for as much as 35 dollars apiece, according to a regulatory filing Facebook filed Thursday.

Zuckerberg will be selling 30.2 million of his 533.8 million shares, proceeds of which will go for paying taxes for exercising stock options. (ANI)

I heard on the news.....that the little guys (that would be us) would not be able to buy a single share!!

i hope it doesn't turn into another RIM.....especially since some people out there will be putting out a lot of money to get a piece of this.

The Brazilian Eduardo Saverin is now living the good life in Singapore - he is also worth billions.

[quote author=VillageBelle link=topic=66041.msg414916#msg414916 date=1336155928]
I heard on the news.....that the little guys (that would be us) would not be able to buy a single share!!

i hope it doesn't turn into another RIM.....especially since some people out there will be putting out a lot of money to get a piece of this.
[/quote]

once it starts trading on the ny stock exchgange you can buy