A less than 8-year-old company got the largest IPO in history, and a lot of Facebookers, including hundreds of employees, got fabulously rich.
On its first day as a public company, Friday 18, Facebook valued at $105.19 billion, making it worth as much as PepsiCo.
Shares of the social network giant in the Nasdaq closed at $38.23, just 0.6 percent above the initial public offering price - a price that represented 100 times historial earnings (compared with 18 for Google, worth $196 billion).
Despite all the hype and buzz, it was a modest start. Bankers were too aggressive in setting the offering at $38 a share.
- Mark Zuckerberg, the 28-year-old founder known for his signature hoodie, own a fifth of the company, worth $19.3 billion.
- Facebook's first venture capital investor, Accel Partners, which wrote a $12.7 million check seven years ago, cashed out $1.9 billion in the stock offering and now holds a stake worth $5.8 billion.
- The company's first angel investor, Peter Thiel, who invested $500,000 in 2004, sold a third of his stake for $640 million.
- Mark Pincus, the chief executive of Zynga, cashed out $38 million, after writing a $40,000 check years ago.