In the movie The Social Network, Sean Parker asks Facebook founder Eduardo Saverin a question:  “You don’t even know what the thing is yet.  How big it can get, how far it can go.  This is no time to take your chips down.  A million dollars isn’t cool, you know what’s cool?  A billion dollars.”  Mark Zuckerberg and company have taken this fictional lesson to heart.  Facebook has raised the price of its IPO and the valuation of the company sits at $104 billion dollars assuming the IPO goes well.  Facebook raised the maximum price of its stock to $38, and will be selling 337 million shares once it hits market.

This means that Facebook would be the first US company to be valued at $100 billion dollars at the time of its IPO.  The previous record for an IPO valuation by a US company is a paltry $60 billion.  The opening stock sale could raise as much as $12 billion dollars for the company when it hits the market, with stock prices between $34 and $38 dollars.

Facebook is rumored to be making its debut Friday on the NASDAQ.  Its stock ticker symbol will be FB.

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