Facebook Announces $5 Billion IPO

As many expected the social network of all social networks announced their $5 Billion IPO yesterday.  When a company goes IPO, lets just say it makes the owners just a little bit richer than they already are. Mark Zuckerberg leads the pack with his 28.2% stake, which based on a suggested $100 billion USD valuation by many accounts puts Zuckerberg’s wealth at over $28 billion. Others involved with large stakes include early 2005 investors Accel and partner Jim Breyer (11.4%), co-founder Dustin Moskovitz (7.6%), DST (5.4%) and Facebook’s first investor, Peter Thiel (2.5%).

View the  S-1 filing here.

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