Facebook’s Eduardo Saverin Transfer The Shares To Russian-based Investment Firm As A Part Of ‘Saverin Agreement’ in 2010

Posted on Feb 9 2012 - 10:52am by Editorial Staff

Facebook’s S-1 is finally out last week with a bang, ending all the speculations running in the market from the past few days and states how much stock company founder Mark Zuckerberg, investors, employees and others own in the company. Facebook has raised a total of $2.4 billion in funding and seeks to raise as much as $5 billion in a public offering.

With a newly released conversion agreement, the social networking giant reported that Digital Sky, a Russian-based investment firm and Eduardo Saverin were involved in the transfer of shares as a part of what the agreement described it as the “Saverin Agreement” – it is still not clear exactly that how many shares Saverin sold or at what price he received.

(Eduardo Saverin Image Credit: The Harvard Crimson)

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