The Silicon Valley giant launchces one of the biggest tech IPOs ever.

Facebook IPO 101

What to expect on the day the Menlo Park company goes live.

By Sajid Farooq
|  Friday, May 18, 2012  |  Updated 5:38 AM PDT
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Facebook IPO 101

Bloomberg via Getty Images

Mark Zuckerberg, founder and chief executive officer of Facebook Inc., second left, leaves the Sheraton hotel in New York, U.S., on Monday, May 7, 2012. Zuckerberg is meeting would-be investors today as the largest social-networking service begins marketing its initial public offering, said a person with knowledge of the matter. Photographer: Scott Eells/Bloomberg via Getty Images

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Eight years after a Harvard student in a hoodie built a platform that more than 900 million call their digital home, Facebook is set to go live Friday.

The day will start at 6:30 a.m. with Facebook CEO and co-founder Mark Zuckerberg ringing the NASDAQ bell.

Then at 7 a.m. the madness will begin and up to 1,000 Facebook employees will become millionaires when the U.S. Securities and Exchange Commission has given clearance for traders to begin selling shares of the company under the ticker "FB."

It could take up to another two hours for shares to actually begin exchanging hands.

Shares are set to begin selling at $38 a share, which is expected to raise an estimated $16 billion and give it a valuation over $104 billion.

Zuckerberg is expected to have a personal fortune of over $20 billion when the stock goes live.

The offering is expected to be the largest tech IPO in history.

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