4. After much anticipation, Facebook filed its paperwork for an
initial public offering Feb. 1, 2012, the same week the world's
largest social network celebrated its eighth birthday. The
company will begin trading late May 2012.
Facebook's S-1 revealed it is looking to raise $5 billion,
and it has a valuation estimated at $100 billion. That would
make the social network about four times the value of Google at
the time it went public in 2004 with a valuation at $23 billion the
day after.
The Facebook IPO filing revealed some details that had
previously been private about the company. Facebook —
which earned $1 billion on sales of $3.7 billion in 2011 — now
has 845 million active users on the site, up from the estimated
800 million using the site back in September. It also revealed
salaries of execs, including founder Mark Zuckerberg's $500,000
salary, COO Sheryl Sandberg's $300,000 and CFO David
Ebersman $300,000.
.
9. But there's a huge difference
between at 10%-15% IPO
discount and a ~50%
discount, which is what
LinkedIn's IPO just sold
for. The institutions that bought
the LinkedIn stock last night are
now 100% richer, just by virtue
of being good clients of BOFA
and Morgan. And that money
came right out of the pockets of
LinkedIn and the LinkedIn
investors who sold on the deal.
10.
11. As filed with the Securities and Exchange Commission on
August 27, 2013
UNDERWRITING
We and the selling shareholders are offering the common shares
described in this prospectus through the underwriters named below.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and
Credit Suisse Securities (USA) LLC are acting as joint book-
running managers of the offering and J.P. Morgan Securities LLC and
Citigroup Global Markets Inc. are acting as representatives of the
underwriters. William Blair & Company, L.L.C. and LOYAL3
Securities, Inc. are acting as co-managers.