So Silicon Valley’s largest IPO ever is scheduled to start on Monday, May 7th. If the there is no modifications made to the schedule, the company’s shares should begin trading on May 18.
With all the news of the IPO just around the corner, new information has been disclosed about the amount of shares that will be hitting the market. According to TechCrunch “Facebook’s early investors and employees may sell up to $5.5 billion alongside the company’s offering. Facebook said today that it is selling 180 million shares of stock at $28 to 35 a share. On top of that, other stockholders are selling 157,415,352 shares. Those proceeds will not go to Facebook.”