Breaking: Facebook IPO Detailed

Posted on May 3 2012 - 8:55pm by Editorial Staff

The Wall Street Journal reported an hour ago that Face book is trying to set its share price $25-35 range, resulting in making a total valuation of around $85 to $95 billion. But soon after turning the news into nothing more than rumor, the social giant has officially filed an amended S-1 form with the SEC and is now valuing the company between $60 to $75 billion. The company plans to offer over 337 million Class A shares at between $28 and $35 per share. The company also today said that 180 million of the offered shares would come from the company itself, while the remainder will come from insiders. Here’s a list of who plans to unload part of their stakes:

  • Accel Partners: 35.9 million shares, which would leave it with around 153 million shares
  • DST Group: 26.25 million shares being offered, left with around 105 million shares
  • Goldman Sachs: 13.19 million  sharesbeing offered, left with around 53 million shares
  • Elevation Partners: 4.6 million shares being offered, left with around 36 million shares
  • Meritech Capital Partners: 7 million shares being offered, left with around 33 million shares
  • Mirosoft: Offering 6.56 million shares, left with around 26.23 million shares
  • Reid Hoffman: 942k shares, left with just over 3.77 million shares
  • Mark Pincus: Around 1 million shares, left with just over 4.3 million shares
  • Greylock Partners: 7 million shares, left with around 30 million
  • Tiger Global Management: 6.56 million shares, left with around 50 million shares
  • Jim Breyer (individual, not via Accel): 2.31 million shares, left with around 9 million shares
  • T. Rowe Price and Andreessen Horowitz are the only significant institutional holders not planning to offer any shares, holding onto all 18 million.
  • Other notable “holders” include Sean Parker (66 million) and Dustin Moskovitz (134 million) — although both would sell millions of shares as part of the underwriter’s “green shoe” option, if exercised.
  • Facebook CEO Mark Zuckerberg plans to sell around 30.2 million shares, which he says will be used to settle tax obligations.
About the Author

Editorial Staff at I2Mag is a team of subject experts.