DAVID GREENE, HOST: NPR's business news begins with Facebook frenzy.</s>DAVID GREENE, HOST: The world's largest social networking site is going public later this month. And yesterday it set a price range for its stock. It plans to sell share shares for between $28 and $35 each, using the ticker symbol FB. The share sale is expected to raise as much as $12 billion, making it one of the largest initial public offerings ever.</s>DAVID GREENE, HOST: Google, by contrast, raised just $1.9 billion when it went public. Facebook's 28-year-old CEO Mark Zuckerberg will maintain a firm grip on the company. Even after the IPO, he still controls about 58 percent of the company's voting stock.
The social networking site plans to sell share shares for between $28 and $35 each, using the ticker symbol FB. The share sale is expected to raise as much as $12 billion, making it one of the largest initial public offerings ever.