The wait is over. In what is being dubbed as the biggest Internet IPO of all time, Facebook today priced 421,233,615 shares at $38 per share. That was at the high point of the expected range, generating an estimated $18 billion in proceeds.

The company will have a market value of about $104 billion when it starts trading tomorrow, according to MarketWatch. That’s ahead of Amazon.com, now valued at $98 billion. The Wall Street Journal notes that the IPO is the second biggest of all time, just behind Visa, which raised $19.6 billion in 2008.

The offering marks an economic windfall for hundreds of Facebook employees and venture capitalists, with existing stockholders expected to reap about $9 billion, according to the AP. It will trade on the Nasdaq under the ticker FB.

CNBC hosts donned hoodies in honor of the Facebook IPO

Incidentally, the IPO also will prove to be a nice win for Microsoft, a Facebook partner which invested $240 million in the company in 2007. It now owns 1.8 percent of the social networking giant.

Many investors have been wondering whether to invest in Facebook, with some calling it a fad and other saying it is simply overvalued. Our poll this week showed that GeekWire readers were pretty evenly split on whether they’d invest.

Here’s a look at how Facebook’s IPOs compares to some other tech giants in a visualization put together by Daniel Hom of Tableau Software.


Previously on GeekWireOpen Letter to New Facebook Millionaires: Pay off mom’s mortgage! (And 5 other tips)

 

Comments

  • Guest

    Congratulations to Facebook on this valuation! My friend Victor told me that Facebook would be worth $4 trillion in time based on revenue growth to match Apple ( http://www.geekwire.com/2012/piece-fb-buy/#comment-530468205 ), so that works out to $1461.54 per share by 2020.

    Best of luck to everyone trying to buy their shares at below $1461.54!

    • Victor

      I have a bridge I would like to sell you as well.

      • Guest

        How much?

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