Before a raucous crowd at its campus in Menlo Park, Calif., Facebook CEO Mark Zuckerberg rang the NASDAQ opening bell, marking the social network's debut on Wall Street.
Flanked by chief operating officer Sheryl Sandberg and other employees, Zuckerberg sported a wide smile as his company officially starts trading shares on the NASDAQ for the first time.
Trading under the symbol "FB," shares will be available at $ 38 a pop, potentially valuing the company at $ 16 billion.
Eduardo Saverin used the social network he helped found to congratulate Mark Zuckerberg on Facebook's IPO.
"Congrats to everyone involved in the project from day one till today, and I especially wanted to congratulate Mark Zuckerberg on keeping tremendous stead-fast focus, however hard that was, on making the world a more open and connected place," Saverin writes in a Facebook post (hat tip to the Los Angeles Times).
Update at 9:42 a.m. ET: How many Facebook users can claim this as a status update? "Mark Zuckerberg listed a company on the NASDAQ."
Update at 9:58 a.m.: Although the NASDAQ has opened, the first Facebook shares won't get traded until 11 a.m. ET, according to several reports including the Wall Street Journal.
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