The rich are going to get richer when Silicon Valley's biggest IPO starts trading.
Facebook is only getting about half - or USD 5.6 billion - of the roughly USD 10.6 billion it plans to raise via a mega IPO. The other half, or about USD 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
And Mark Pincus, co-founder of the gaming company Zynga
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 USD 1.2 billion if the shares sell at the USD 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 USD 1 billion.
Assuming the mid-point price of USD 31.50, following are details on the amount the selling stockholders will make:
Accel Partners USD 1.2 billion
Accel Partners USD 1.13 billion
Lead investor Jim Breyer USD 72.75 million
Mark Zuckerberg USD 951.3 million
Digital Sky Technologies USD 827 million
Goldman Sachs USD 415 million
MAIL.RU USD 355 million
Peter Thiel and associated funds USD 244 million
Meritech Capital USD 220 million
Greylock Partners USD 220 million
Microsoft Corp USD 207 million
Elevation Partners USD 145 million
Tiger Global USD Management 106 million
Mark Pincus USD 31.8 million
Mark Pincus Personal USD 22.66 million
Ogden, an entity controlled by Pincus USD 9.13 million
Reid Hoffman USD 29.7 million
Aufklarung, Hoffman's angel fund USD 24.7 million
Reid Hoffman USD 2.5 million
Michelle Yee, Hoffman's wife USD 2.5 million
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