If Facebook’s initial offering of stock to the public is as successful as predicted, it will be the largest Internet IPO ever. The plan is for trading to begin on the Nasdaq on Friday 18 May. The original share price was set to be between US $28 and $35, raised to $34 to $38 on 16 May, and then set at $38 on 17 May. That would put the value of the company at $104 billion. CEO Mark Zuckerberg and his company filed papers to go public back in January.
Founded by Zuckerberg in 2004, the social media site has grown rapidly. In March 2012, 901 million people used the site, and about 526 million used Facebook every day, according to the company's statistics.