Buried in Facebook’s amended S-1 is a fun little nugget of information: CEO Mark Zuckerberg will be selling 30.2 million of his shares in the company’s initial public offering, a sale that will net him roughly $1 billion.
In the lead-up to its IPO, Facebook set its opening price range at $28 to $35 a share Thursday — but that could change. Financial data company PrivCo said that underwriters plan to raise the range to $38 to $40 per share prior to the IPO for an initial day price pop.
To read the full, original article click on this link: Facebook CEO to take home $1B on IPO day | VentureBeat
