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Facebook Employees Will Be Ringing in IPO with 'Hackathon'

Peter Foley/Bloomberg via Getty Images(MENLO PARK, Calif.) -- It’s going to be a sleepover at Facebook the night before the big IPO.

Employees from the social networking site will be holding what the company calls a "hackathon" Thursday night. 

According to Facebook, "Hackathons are a big tradition at Facebook.  They serve as the foundation for some great (and not so great) ideas.  It gives our employees the opportunity to try out new ideas and collaborate with other people in a fun environment."

Basically, the company’s employees spend the night working on their ideas to see where they go.  Everyone at the company is invited.

This is something they have done in the past, but this will be their last such endeavor as a private company.

The next morning, Mark Zuckerberg will ring the opening bell on Wall Street, making many of these employees millionaires and billionaires.

Copyright 2012 ABC News Radio

ABC News Radio