It thus follows that Zuckerberg won't be ringing Nasdaq's opening bell when the social network goes public. Instead, he'll be ringing the Nasdaq bell remotely, according to CNBC, via Twitter:
News Alert: Facebook to ring opening bell remotely from Menlo Park HQ - Zuckerberg will stay at Menlo Park headquarters $FB
Here's how it works, according to the Nasdaq Remote Open and Close Fact Sheet.
Not ringing the Nasdaq bell isn't an odd thing to do, especially for Silicon Valley companies. For example, when social games developer Zynga went public in December, CEO Mark Pincus rang his own bell for employees at the company's headquarters in San Francisco. It's really no surprise that Zuckerberg wants to do the same.
Facebook is offering 180 million shares of its Class A common stock and the selling stockholders are offering 157.42 million shares of Class A common stock. Facebook co-founder and CEO Mark Zuckerberg will personally sell 30.2 million shares for the IPO. Despite this, he will still control the majority of the company: 57.3 percent of voting shares after the IPO. The company has set a $28 to $35 IPO price range, but many expect Facebook will raise it as the final date draws closer. Just a few hours ago, the SEC approved the company's stock for trading on the Nasdaq.