Documents filed with the SEC indicate initial shares will cost $28 to $35 each. Wall Street Journal calculations estimate that CEO Mark Zuckerberg's shares will be worth between $14.9 billion and $18.7 billion. Analysts said the social networking company itself could be valued at $96 billion, setting a record for a web-based business that goes public.
Facebook representatives were not available for comment.
Menlo Park studies housing
As a prelude to its regular Tuesday night meeting, the Menlo Park City Council has scheduled a housing element study session for May 8. The session, open to the community, will present a panel of housing experts to discuss what a housing element is and why the city needs one.
The housing element, which determines housing unit requirements, is mandated by state law.
Speakers include Duane Bay, director of the county department of housing; land use attorney Barbara Kautz; and Rich Napier, director of the City/County Association of Governments
The study session starts at 5:30 p.m. in the council chambers at the Civic Center at 701 Laurel St.
Las Lomitas run
You could spend the morning of Saturday, May 12, sleeping in. Or you could join the Las Lomitas Education Foundation for its first fun run at 8 a.m. Proceeds benefit the Las Lomitas Elementary School District.
The event offers separate courses for kids 8 and under and 15 and under, plus a 5K run for any age. Walkers and those in strollers are welcome.
Go to llef.org to register through May 10, or register on race day starting at 7:30 a.m. at the Las Lomitas kindergarten playground (299 Alameda de las Pulgas in Atherton).The Dailey Method will lead a warm-up at 8:10 a.m.
There's a new school in town. Casa dei Bambini, a Montessori preschool, has opened a 20,000-square-foot campus at 1215 O'Brien Drive in Menlo Park.
According to a press release, the curriculum includes languages, gymnastics, gardening and cooking, among other subjects, for students age 2 through kindergarten age.
Go to casadeibambini.net to find out more.
Bike to work
It's time to break out the two-wheeler again, as Thursday, May 10, is Bike to Work Day. Those riding through Menlo Park can refresh themselves at eight energizer stations open from 7 to 10:30 a.m. Locations include stops in front of the Caltrain station, Facebook campus, Lucile Packard Children's Hospital, and SRI International.
If you sign a pledge to bike or use public transit to work at least eight times by June 1 and then complete an online survey, you'll receive a $40 bike shop certificate or transit incentive for BART, Caltrain, or SamTrans, courtesy of the Peninsula Traffic Congestion Relief Alliance.
Go to commute.org to learn more.
— Sandy Brundage