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Message: <blockquote data-quote="lkdood" data-source="post: 12707166" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/0/06/Facebook.svg/150px-Facebook.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />Facebook announced that it has set the price of its initial public offering.According to a press release, the company will sell 421,233,615 shares of its common stock at $38 per share.Facebook will raise $16 billion, making this the largest IPO of an Internet company. Facebook's value is now $104.12 billion.Shares will begin trading on the NASDAQ today under the ticker symbol "FB".CEO Mark Zuckerberg is selling 30.2 million shares as part of  Facebook Inc.'s initial public offering of stock. With shares priced at  $38 each, he's receiving $1.15 billion.Even after the IPO,  Zuckerberg remains Facebook's single largest shareholder. He will own  503.6 million Class B shares after the offering, or 32 percent of  Facebook's total shares. At the $38 share price, his stake in the  company is worth $19.1 billion. Zuckerberg will control the company with  56 percent of its voting stock as a result of agreements he has with  other shareholders who promise to vote his way.<img src="http://graphics8.nytimes.com/images/2012/02/03/business/Zuckerbergjp/Zuckerbergjp-articleLarge-v2.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />(Mark Zuckerberg in 2005)</blockquote>

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