Facebook has priced its initial public offering at $38 per share, for a total IPO size of $16 billion, or $18.4 billion if the over-allotment option is exercised. At the IPO price, Facebook has a market capitalization of $81 billion, or a fully-diluted equity valuation (which assumes exercise of options, etc.) of $104 billion. For the difference between market cap and fully-diluted equity valuation, please see my prior post of the topic. Facebook will begin trading tomorrow on NASDAQ with the ticker FB.
According to the Wall Street Journal, Facebook's IPO valuation of $104 billion is the highest ever for a US company at the time of its IPO, and is the second-largest IPO behind VISA Inc.'s 2008 IPO of $19.65 billion.
Venture capital investors in Facebook include Accel Partners, Andreessen Horowitz, Elevation Partners, Founders Fund, Greylock Partners, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Millennium Technology Value Partners and Technology Crossover Ventures.
Here's a link to the Wall Street Journal story: http://online.wsj.com/article/SB10001424052702303448404577409923406193162.html?
Here's a link to my prior post on market cap v. fully-diluted equity valuation:
http://www.allenlatta.com/1/post/2012/05/market-capitalization-v-fully-diluted-equity-valuation-the-facebook-example.html
According to the Wall Street Journal, Facebook's IPO valuation of $104 billion is the highest ever for a US company at the time of its IPO, and is the second-largest IPO behind VISA Inc.'s 2008 IPO of $19.65 billion.
Venture capital investors in Facebook include Accel Partners, Andreessen Horowitz, Elevation Partners, Founders Fund, Greylock Partners, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Millennium Technology Value Partners and Technology Crossover Ventures.
Here's a link to the Wall Street Journal story: http://online.wsj.com/article/SB10001424052702303448404577409923406193162.html?
Here's a link to my prior post on market cap v. fully-diluted equity valuation:
http://www.allenlatta.com/1/post/2012/05/market-capitalization-v-fully-diluted-equity-valuation-the-facebook-example.html
