Facebook co-creator Mark Zuckerberg pocketed more than one billion dollars (£630 million) after one of the biggest US stock-market flotations.
The social networking site's shares rose 5% early in their first day of trading after the listing valued the company at 104 billion dollars (£66 billion) - bigger than Amazon or Disney.
The sale of 421 million shares at 38 dollars (£24) each is thought to have netted up to 18.4 billion dollars (£11.6 billion) for the company.
Chief executive Mr Zuckerberg, who created the website in his Harvard University dorm room in 2004, sold about 30 million shares, pocketing some 1.15 billion dollars (£724.6 million).
He will retain a large stake in the company, making him worth an estimated 19.1 billion dollars - the 23rd richest person in the world at the age of 28.
One thousand millionaires are expected to be created by the flotation, including a small number of the 100 London-based staff.
Trading in the shares was delayed by about half an hour due to technical problems.
©Press Association
©Press Association
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