5-3-2012
He started the online site out as a way for college friends to stay connected at the age of 19. Now, Facebook values itself at $96 billion. According to a regulatory filing, Facebook and its holders plan to sell about 337.4 million shares at $28 to $35 each. At the top end of the range, the company would raise $11.8 billion. Also at the upper end of that range, Mark Zuckerberg would have a stake worth $17.6 billion, making the 27-year old richer than Microsoft Corp.?s Steve Ballmer.
Facebook has over 900 million users and reported a 24-fold increase in sales over the past four years. Facebook's revenue surged 88% last year to $3.71 billion, with online advertising accounting for almost all of it. In the first quarter of 2012, sales climbed 45% to $1.06 billion.
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