The much-awaited Facebook debut on the stock market has begun on the Nasdaq.
Facebook chief executive Mark Zuckerberg didn’t travel to New York’s Times Square for the company’s big day. He did it unconventionally like you’d expect a hacker would. He opened the bell remotely from the company’s Menlo Park Headquarters after Facebook employees had just finished a long, all-night Hackathon — their 31st. They played midnight hockey and worked on extra projects,
Just ahead of the 6:30 PST open, the company’s employees got together again in the main headquarters “Hacker Square” in front of a big stage where he rang the bell. Facebook is the second company ever to ring in NASDAQ’s bell remotely on its IPO day. Zynga was the first back in December.
But unlike Zynga CEO Mark Pincus in last December’s IPO, Zuckerberg didn’t give any remarks. He was flanked by chief operating officer Sheryl Sandberg, vice president of product Chris Cox and Elliot Schrage, who is Facebook’s vice president of public policy and communications.
The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button.
The area outside Facebook's offices at 1 Hacker Way was packed with throngs of photographers, more than 12 television trucks, and a TV news helicopter hovering overhead as the excitement reached fever pitch.

“Mark and Sheryl wanted to make sure it was about team that helped grow this company,” said Bruce Aust, who is NASDAQ’s executive vice president and head of the global corporate client group. “They wanted to make it special, but they also wanted to remind everyone that this is just one day in the life in company. They wanted say, ‘Let’s get back to work once we have the IPO opening bell. It’s a company that’s very focused on its mission.”
It was the culmination of an eight-year journey that began in Zuckerberg’s Harvard dorm room. But it’s the company first step in what may be a very long life. Facebook is the most anticipated IPO of the last eight years after Google. It’s the largest tech IPO in history because the company stubbornly waited so long to go public. Facebook and its early shareholders are raising $16 billion today, or nearly 10 times what Google raised in its highly-hyped and very unorthodox Dutch Auction-style IPO in 2004.
When the market finally opened, Zuckerberg had signed a statement to be shown in Times Square. It was a company motto. It read, “to a more open and connected world.”
The Facebook IPO will be the largest tech IPO in history
Facebook shares jumps about 13% as public trading begins
NEW YORK/SAN FRANCISCO: Facebook Inc shares opened 13 per cent higher on Friday, after the pioneering online social network raised as much as $18.4 billion in one of the biggest initial public offerings in US history.
After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company's closely watched stock began trading at $43, compared with an IPO price of $38.
With a value of $104 billion, Facebook became the first American company to debut at over a $100 billion. It is larger than Starbucks Corp and Hewlett-Packard combined.