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FACTBOX: Facebook's IPO: who gets rich?
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading.
Facebook is only getting about half -- or $5.6 billion -- of the roughly $10.6 billion it plans to raise via a mega IPO. The other half, or about $4.9 billon, is going to a handful of inside investors -- many Silicon Valley notables.
Chief among them are co-founder and Chief Executive Mark Zuckerberg, venture firm Accel Partners, early investor and PayPal co-founder Peter Thiel, Russian tycoon Yuri Milner's DST, and investment bank Goldman Sachs (GS.N).
And Mark Pincus, co-founder of the gaming company Zynga (ZNGA.O), is set to get his second payout in six months. He stands to make almost $32 million, on top of his take when the social gaming giant he co-founded went public last year.
Those holding onto their stakes -- for now -- include: Napster co-founder and Facebook founding president Sean Parker; co-founder and Zuckerberg's Harvard roommate, Dustin Moskovitz; various Facebook executives; and venture capital firm Andreessen Horowitz.
The largest seller is Accel Partners, which will make about $1.2 billion if the shares sell at the $31.50 mid-point of an indicative price range. Zuckerberg, who started Facebook in 2004 from his Harvard dorm room, is selling the next largest chunk of shares worth a little under $1 billion.
Assuming the mid-point price of $31.50, following are details on the amount the selling stockholders will make:
Accel Partners $1.2 billion
Accel Partners $1.13 billion
Lead investor Jim $72.75 million
Breyer
Mark Zuckerberg $951.3 million
Digital Sky $827 million
Technologies
Goldman Sachs $415 million
MAIL.RU $355 million
Peter Thiel and $244 million
associated funds
Meritech Capital $220 million
Greylock Partners $220 million
Microsoft Corp $207 million
Elevation Partners $145 million
Tiger Global $106 million
Management
Mark Pincus $31.8 million
Mark Pincus Personal $22.66 million
Ogden, an entity $9.13 million
controlled by Pincus
Reid Hoffman $29.7 million
Aufklarung, $24.7 million
Hoffman's angel fund
Reid Hoffman $2.5 million
Michelle Yee, $2.5 million
Hoffman's wife
(Reporting By Poornima Gupta and Gerry Shih; Editing by Bernard Orr)
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