Ever since Facebook (FB) announced that the company will have its initial public offering later this year, I have been inundated with requests from friends, relatives, and acquaintances asking how they can buy stock in Facebook on the IPO. These are people who have never talked to me before about investments, and many have never invested before in their life. Normally, if an investor is lucky enough to buy a…

Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion (6 billion pounds), but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say. The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control 56.9 percent of the voting shares in a company expected to be valued at up…

Stanford University alumnus Ezra Callahan likes hockey and has 722 Facebook friends. Among them are Sean Parker, Dustin Moskovitz and a college dropout named Mark Zuckerberg. Those friendships are about to pay off. That’s because Callahan is one of a cadre of people with substantial equity stakes in Facebook Inc. His slice of the pie is slim — a reported 0.08 percent — but given the social network’s expected valuation…

Facebook took a formal step toward joining the ranks of other public technology giants after filing for its eagerly anticipated initial public offering. The company filed an S-1 form with the Securities and Exchange Commission today, officially declaring its intent to go public. Facebook plans to raise $5 billion through the IPO, according to the filing. The last major tech IPO was Google’s, which raised $1.9 billion. The S-1 pulls…

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