Zuckerberg To Ring Nasdaq Bell From Facebook HQ Friday Morning

By Julie D. Andrews 

Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will do the Nasdaq honors Friday morning, marking his company’s initial public offering by ringing the stock exchange’s bell, meaning that he will sign a screen and press a button from the social network’s headquarters in Menlo Park, Calif., according to reports.

The news was first tweeted by CNBC and later confirmed by TechCrunch.

Nasdaq.com will broadcast the event in real time. Watching is sure to be a nationwide spectator sport for a certain slice of the population, as the media frenzy leading up to the May 18 IPO has been rather feverish.

It appears to be full-steam ahead amid earlier rumors of a possible delay in the IPO, as Facebook documents filed today confirm that the social network will appear on the Nasdaq exchange with the symbol FB. And Bloomberg reported earlier today that shares will only be available until the close of business tomorrow.

Facebook’s share price will be announced Thursday, the day before the hugely anticipated IPO.

Amendments to earlier estimates now give Facebook a value of some $77 billion, and its price-per-share is slated to be in the range of $28 to $35.

TechCrunch predicted that Zuckerberg will give a speech Friday morning, but for Facebook employees only.

Readers: Are you counting the hours until the hype ends and the trading begins?

Image courtesy of Shutterstock.