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December 19, 2013 05:35 pm GMT
Some steps ahead for Facebook in its life as a public company: it's raising nearly $4 billion in a secondary offering, and it's joining the S&P 500 Index. The social network today announced that it would be making an offering of 70 million shares of Class A common stock -- 27,004,761 shares from Facebook, and 42,995,239 shares from "certain selling stockholders," with 41,350,000 shares coming from CEO and co-founder Mark Zuckerberg, 1.6 million shares from VC Mark Andreessen. Going by the closing share price on December 18 of $55.57, this would value the sale at nearly $3.9 billion. The actual price will be determined at the close of market today, Friday the 19th of December.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_w2k-mX4tUI/
Facebook Announces Secondary Offering Of 70M Shares To Raise Around $4B, Linked To Joining S&P 500 Index
Some steps ahead for Facebook in its life as a public company: it's raising nearly $4 billion in a secondary offering, and it's joining the S&P 500 Index. The social network today announced that it would be making an offering of 70 million shares of Class A common stock -- 27,004,761 shares from Facebook, and 42,995,239 shares from "certain selling stockholders," with 41,350,000 shares coming from CEO and co-founder Mark Zuckerberg, 1.6 million shares from VC Mark Andreessen. Going by the closing share price on December 18 of $55.57, this would value the sale at nearly $3.9 billion. The actual price will be determined at the close of market today, Friday the 19th of December.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_w2k-mX4tUI/
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