Facebook CEO Mark Zuckerberg and Priscilla Chan Marries

This has been a busy week for Facebook Chief Executive Mark Zuckerberg. First there was the well-documented Initial Public Offering (IPO) for his company, which saw the social network giant valued at over $100bn. Zuckerberg then announced his wedding, on the 900 million-strong social network, to long-time girlfriend Priscilla Chan. It seemed appropriate, and we really could not think of a better way, to celebrate the occasion by posting on his personal Facebook page. The 28 year old techie changed his relationship status to "married" and uploaded a photograph of the wedding.

According to a source close to the couple, who was quoted in a report by Tech Crunch, the wedding has been in the pipeline for four to five months. Meanwhile, Chan graduated from medical school on Monday and the Zuckerberg's 28th birthday all made it a very wonderful time for the couple. The third week of May will undoubtedly be etched among the fondest of their memories for years to come.

Zuckerberg and 27 year old Chan reportedly first met at Harvard, where Facebook took birth. Apparently, according to a story on The Harvard Crimson, Zuckerberg was on campus to recruit for his company, which was then a start-up. He was sitting outside when Chan walked past.

Facebook to Set Final IPO Pricing $34 to $38

Facebook Inc. FB 0.00% is nearing the last step before its landmark initial public offering by finalizing the price for its shares later Thursday.

The social network earlier this week raised the price range for its IPO to $34 to $38 a share, from $28 to $35 a share, in a sign of investor appetite for the offering. The initial price range put Facebook's valuation at $77 billion to $96 billion, but that rises to $93 billion to $104 billion under the new range as investor interest ramps up.

At a potential offering size of $18.4 billion, Facebook would become the second-largest U.S. IPO of all time behind Visa Inc.'s V -0.45% 2008 offering worth $19.65 billion, according to Dealogic. It could exceed Visa if the share price ultimately lands at $41 a share or higher.

Facebook's IPO is a crowning moment for Silicon Valley's latest tech boom. Last year, Web companies from LinkedIn Corp., LNKD -5.89% Groupon Inc. GRPN -4.75% and Zynga Inc. ZNGA -0.96% went public in the first sustained drumbeat of Internet offerings for years.

That has continued this year, with Internet companies such as Yelp Inc. going public, while enterprise-technology companies such as Splunk Inc. also staged strong IPOs. Other Web companies that are still closely held, such as Twitter Inc. and Dropbox Inc., are viewed as possible IPO candidates in the future.

Facebook said Wednesday it would boost the size of its IPO by 25%, or about 100 million shares, as early investors sell as much as $3.8 billion in additional shares. Goldman Sachs Group Inc., GS +0.19% Tiger Global Management and Facebook director Peter Thiel—who was one of the social network's first investors—more than doubled the amount of stock they plan to sell.

Facebook will raise stock price, $100 billion at IPO

Facebook will raise the price of shares for its initial public offering, possibly vaulting the world's most popular social network to the first $100 billion valuation of a U.S. company at the time of its public debut.

A source told the Mercury News on Monday that Facebook will increase the range of possible prices for the Menlo Park Company’s initial shares, raising the maximum price to $38. At that price, Facebook would be valued at more than $104 billion and bring in $12.8 billion. The largest U.S. IPO valuation on record is shipping company UPS at $60 billion, according to Dealogic records.

Facebook is expected to sell 337 million shares to investors Thursday night, after the final price -- which could still be higher -- is set. After initially saying in Securities and Exchange Commission documents that it expected to charge $28 to $35 per share, Facebook's new range will be $34 to $38, a person with knowledge of the move said, verifying earlier reports.

The company will receive about 53 percent of the total, before expenses, and the rest will go to existing shareholders such as CEO and cofounder Mark Zuckerberg, who will sell 30.2 million shares to cover taxes on other Facebook stock rewards. After the sale, a total of 2.74 billion shares will be held in Facebook, according to Bloomberg News calculations that include restricted stock units and other shares Facebook does not yet include in its statements.

Both Facebook's valuation and total take would smash all records for Internet companies. Google holds both records for a U.S. company: The Mountain View search giant took home $1.9 billion at a valuation of $23 billion in 2004. Bloomberg counts German Internet company T-Online's 2000 take of $2.8 billion as the world record, but Facebook could take in more than four times that much.

Facebook would rank fifth all-time for total amount raised in a U.S. IPO, according to Renaissance Capital; San Francisco-based Visa holds that record at nearly $17.9 billion.

If all goes as expected, Facebook stock would hit the open market Friday morning on the Nasdaq stock exchange under the ticker symbol FB. Zuckerberg will reportedly ring the traditional opening bell from the company's Peninsula headquarters.