With Facebook expected to go public on May 17 or 18, we have finally heard what the expected stock price range will be. Ranging between $28 and $35, the IPO could potentially bring in $13.6 billion in profit, with $1 billion going straight to Zuckerberg. Along with this profit, the IPO will value Facebook at the most valuable US technology company at the time of an IPO.
The IPO will value the company somewhere between $77 billion and $96 billion which well outpaces the current record holder Google who managed $23 billion. Zuckerberg is expected to personally sell 30.2 million shares which could net him the above $1 billion. But don't worry, he'll retain 57.3% voting power, so changes like Timeline will continue to happen.
In the lead up to the IPO, Facebook's Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Eberseman will spend just over a week out and about convincing potential investors of the value of investing in Facebook. Zuckerberg will make selected appearances, but also appears in a video presentation talking about his history with the company. I hope it's a good video as $1 billion is riding on it.
Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.