Facebook has just released a revised S-1 filing (link [3]) which list additional information on the IPO. Among the details:
- The IPO would value the company at as much as $74.8 billion, based on a total of 2.138 billion Class A and B shares outstanding after the offering, assuming a $35 share price. Wasn't this supposed to be $100 billion?
- Total shares offered wil be 337,415,352 at a proposed price range of $28-$35 (mid point of the range is $31.50)
- Primary shares (proceeds going to company) will be 180 million
- Selling stockholders shares will be 157.4 million: these proceeds will not go to the company
- Facebook estimates: "We estimate that our net proceeds from the sale of the Class A common stock that we are offering will be approximately $5.6 billion, assuming an initial public offering price of $31.50 per share, which is the midpoint of the price range on the cover page of this prospectus"
- Zuckerberg will do the following: "In connection with our initial public offering, Mark Zuckerberg, our founder, Chairman, and CEO, will exercise an outstanding stock option with respect to 60,000,000 shares of Class B common stock and will then offer 30,200,000 of those shares as Class A common stock in our initial public offering. We expect that the substantial majority of the net proceeds Mr. Zuckerberg will receive upon such sale will be used to satisfy taxes that he will incur in connection with the option exercise"
- Zuckerberg would control over 57.3% of the capital stock voting power following the IPO
- Facebook says it has $3.91 billion in cash as of March 31. It estiamtes it will have $9.511 billion in cash assuming a $31.50 IPO prices
- The company reports $381 Million in Income from Operations; this number was $388 million a year earlier. Better watch those expenses...
Curious about the lockup conditions? Here is the full schedule:
[4]
A quarterly update including the latest Marc 31, 2012 quarter:
[5]
And big oops: did Revenues just peak in Q1?
[6]