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Zuckerbrerg and Co. to sell $5.5 billion stock of Facebook IPO

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04 May 2012 13:27 #85986 by chairman
Facebook CEO Mark Zuckerberg and his employees are set raise a solid amount of money following the company's initial public stock offering later this month.

Chief Executive and co-founder Mark Zuckerberg and investors plan to sell as much as 5.5 billion dollars in stock in an anticipated IPO, The Los Angeles Times reports.

They will sell 157.4 million shares for as much as 35 dollars apiece, according to a regulatory filing Facebook filed Thursday.

Zuckerberg will be selling 30.2 million of his 533.8 million shares, proceeds of which will go for paying taxes for exercising stock options. (ANI)
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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04 May 2012 14:25 #86002 by VillageBelle
I heard on the news.....that the little guys (that would be us) would not be able to buy a single share!!

i hope it doesn't turn into another RIM.....especially since some people out there will be putting out a lot of money to get a piece of this.

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04 May 2012 15:31 #86020 by BK
The Brazilian Eduardo Saverin is now living the good life in Singapore - he is also worth billions.

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04 May 2012 15:58 #86033 by chairman

once it starts trading on the ny stock exchgange you can buy
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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