Facebook Set for History-Making Stock Sale

Facebook, the world's biggest social media website, will begin its eagerly awaited first day as a publicly traded company on Friday.

Stock in the California-based company will sell for $38 a share when trading begins on the Nasdaq Stock Exchange at 1500 GMT. The initial public offering - the opening price at which investors can buy a share - is expected to raise about $16 billion, making it one of biggest stock debuts in U.S. corporate history, rivaled only by financial services company Visa and automaker General Motors.

The stock offering has driven Facebook's value to at least $104 billion, making it one of the most valuable U.S. companies