Many of Facebook's 3,200 employees, along with prior employees, stand to benefit from a generous equity-based compensation program. Facebook said it had issued options to purchase 138.5 million shares at a weighted-average price of about 83 cents a share.
The company also issued restricted stock units that would translate into 378.8 million shares last year and has set aside RSUs that would translate into 1.9 million shares this year. It has reserved 77.2 million shares for future issuance under equity compensation plans.
Already, Silicon Valley car dealerships, real estate agents, and high-end retailers such as wine shops are anticipating big upticks in business.
Some employees are planning trips to space or expeditions to excavate Mayan ruins.
"Facebook is to today's market what Google was to the market in 2004," said Lise Buyer, an IPO consultant who worked at Google on its IPO. That company's $1.7 billion offering, the most anticipated of its time, made millionaires of employees from cooks to masseuses.