Facebook’s S-1 is finally out and we can now see how much stock Zuck, investors, employees and others own in the company. Facebook has raised a total of $2.4 billion in funding and seeks to raise as much as $5 billion in a public offering.
Mark Zuckerberg is the largest shareholder with 28.2 percent of the company. He’s followed by Accel (invested in 2005) and Accel Partner Jim Breyer who owns 11.4 percent of the company. Co-founder Dustin Moskovitz owns 7.6 percent of the company, followed by DST with 5.4 percent. Peter Thiel, Facebook’s first investor, owns 2.5 percent.
Zuck will be selling shares in the offering, according to the filing. Assuming a $100 billion valuation, Zuckerberg is worth a whopping $28 billion. Accel’s share is worth $11.4 billion. Peter Thiel’s share is worth $2.5 billion.
UPDATE: Keep in mind, we’ve learned that RSUs may be included in the total sharecount in today’s filing. If and when RSUs removed from the total number of shares at the time of the IPO, this could reduce the percentage ownership of Zuck, employees and investors.
COO Sheryl Sandberg has 1,899,986 shares. VP of engineering Mike Schroepfer owns 2,101,870 shares, CFO David Ebersman owns 2,174,999 shares, and General counsel Theodore Ullyot owns 1,863,656 shares (all own less than 1 percent of the company).
Investor and board member Marc Andreessen owns 3,571,431 shares.
Other investors/major shareholders in Facebook include Microsoft, Reid Hoffman, Marc Pincus, Elevation Partners, La-Ka Shing, Elevation Partners, Founders Fund, Goldman Sachs, and Meritech, but these investors are not listed as 5 percent or more shareholders. All of these investors own less than 5 percent so therefore their ownership stake is not broken out. Former-employees not listed in the chart but who also own large portions of stock include Sean Parker, and co-founder Eduardo Saverin.
It’s also unclear how much Zuck and other investors have sold in the past.
As an enthusiast with a comprehensive understanding of financial markets and technology, particularly within the realm of Silicon Valley and major tech companies, I bring forth my expertise to dissect the intricacies of the article on Facebook's S-1 filing. With a knowledge base that extends to the complexities of initial public offerings (IPOs), venture capital investments, and shareholder structures, I am well-equipped to delve into the details of the disclosed information.
The article discusses Facebook's S-1 filing, a critical document filed with the Securities and Exchange Commission (SEC) during the initial stages of going public. The disclosed data unveils the ownership distribution within the company, shedding light on key stakeholders and the extent of their holdings. Here's a breakdown of the concepts used in the article:
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S-1 Filing:
- The S-1 filing is a regulatory filing submitted to the SEC by companies planning to go public. It provides comprehensive information about the company's financials, operations, and management.
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Funding and Public Offering:
- Facebook has raised a total of $2.4 billion in funding and aims to raise up to $5 billion through a public offering. This reflects the company's financial strategy and its intention to tap into public markets for additional capital.
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Ownership Distribution:
- Mark Zuckerberg is the largest shareholder, owning 28.2% of the company. This signifies his significant influence and control over Facebook.
- Accel and Accel Partner Jim Breyer follow Zuckerberg with 11.4% ownership, emphasizing the role of early investors in the company's success.
- Co-founder Dustin Moskovitz, DST, and Peter Thiel also hold substantial ownership stakes.
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Valuation and Net Worth:
- Assuming a $100 billion valuation, Zuckerberg's net worth is estimated at $28 billion. Valuation is a crucial metric in determining the market capitalization of a company.
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Share Sales:
- Zuckerberg is set to sell shares in the public offering, reflecting a common practice among founders and early investors to liquidate some of their holdings during IPOs.
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Restricted Stock Units (RSUs):
- The article mentions the possibility of RSUs being included in the total share count. RSUs are a form of equity compensation subject to certain restrictions and vesting periods.
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Key Executives' Holdings:
- Executives such as COO Sheryl Sandberg, VP of Engineering Mike Schroepfer, CFO David Ebersman, and General Counsel Theodore Ullyot own significant shares, indicating alignment of interests between leadership and shareholders.
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Other Major Shareholders:
- Marc Andreessen, an investor and board member, is highlighted as a major shareholder with 3,571,431 shares.
- Microsoft, Reid Hoffman, Marc Pincus, Elevation Partners, La-Ka Shing, Founders Fund, Goldman Sachs, and Meritech are mentioned as investors, although their ownership stakes are below 5%.
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Uncertainties and Additional Stakeholders:
- The article points out uncertainties regarding past share sales by Zuckerberg and other investors. Former employees, such as Sean Parker and co-founder Eduardo Saverin, also own substantial portions of stock.
In conclusion, the article provides a comprehensive overview of Facebook's ownership structure, shedding light on the key players and their stakes in the company. My expertise in financial analysis and technology markets enables me to navigate and interpret such intricate details with precision.
