Biggest Winners In Facebook's IPO
When Hugh Hefner founded Playboy in 1953, he famously offered photographers, writers and artists the choice of cash or stock in the then-private company. While most chose cash, a few held onto shares that were worth millions by the time the company went public.
Facebook founder Mark Zuckerberg used a similar tactic, which means David Choe, a graffiti artist who was given stock for painting the walls of Facebook's headquarter, worth an expected $200 million when the company's shares start trading publicly. That and other details about who will be instantly wealthy were revealed in Facebook's $5 billion IPO filing Wednesday.
The New York Times has a complete round up of who will gain the most from Facebook's IPO. What follows is a condensed version of some of the highlights from that list.
- Zuckerberg holds 553.8 million shares worth $28.4 billion, based on a company valuation of $100 billion, or $53 per share.
- Peter Thiel, who invested $500,000 in Facebook in 2004, has 44.7 million shares that could be worth $2 billion.
- Bono's venture capital fund Elevation Partners invested $120 million in Facebook in 2010.
- Accel Partners, which owns 201.4 million shares, could see a thousand-fold return on its initial investment.
- Facebook COO Sheryl Sandberg could eventually hold as much as 40 million shares (she currently has 1.9 million shares, according to the filing)
- DST Global, the investment firm led by the Russian billionaire Yuri Milner, owns about 7% of Facebook.
- Zuckerberg's father, a dentist in New York, owns 2 million shares.
- Co-founder Dustin Moskovitz, Zukerberg's Harvard roommate, holds 133.8 million shares.
- David A. Ebersman, Facebook's chief financial officer, holds seven million unvested shares. He has been working at the company for less than three years.
- Tyler and Cameron Winklevoss, former business partners of Zuckerberg, own 1.2 million shares as part of a legal settlement with Zuckerberg.
- Eduardo Saverin, Facebook's estranged co-founder, settled for a 5% stake in the company. A block of those shares have been sold in the secondary market.
Photo courtesy of ShutterStock.
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