4 ms·
Stupid question: How much money did Facebook (the company) actually raise? A lot of shares where sold but not all of that money goes to Facebook. It goes to who
by felipemnoa 14y ago
Stupid question: How much money did Facebook (the company) actually raise? A lot of shares where sold but not all of that money goes to Facebook. It goes to whomever was selling those shares.
- deleted 14y ago[deleted]
- ben1040 14y agoA number of early investors sold some of their shares in this IPO. Of note from this SEC filing (look at the "Principal and Selling Stockholders" heading), Zuckerberg himself put 30 million shares into the IPO, shares from some early angels were offered, Goldman Sachs offered half their stake, as did DST. http://investor.fb.com/secfiling.cfm?filingID=1193125-12-235588&CIK=1326801 http://investor.fb.com/secfiling.cfm?filingID=1193125-12-235...
- fennecfoxen 14y agoFacebook sold some new shares to raise money, but previous investors were also selling their shares through the IPO (including some insiders exercising stock options and then selling the exercised shares to cover the taxes). The SEC filings will tell you the grimy details.
- debacle 14y agoWe saw ~125% volume today, meaning that 125% of the shares that were for sale were sold (some were obviously sold twice. I would assume this means that all of the stock was sold, meaning, with a valuation of ~104 at close, Facebook raised ~16 billion.