Facebook Co-Founder Seeks to Unload 10M Common - NY Post
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According to a report in the NY Post, one Facebook co-founder, unnamed, is shopping around a 10 million share stake. The Post cites a person familiar with the situation as the source.
With the secondary-market valuing shares at $30, the sale could raise $300 million for the holder.
Only four people were involved with the officially founding of Facebook:
CEO Mark Zuckerburg, Chris Hughes, Dustin Moskovitz, and Eduaro Saverin. The shares represent about 1% of all total outstanding shares of the company.
The Post reports that Facebook did not return calls seeking a comment on the situation.
A Facebook IPO has been hot news for a while now, with many firms valuing the 500 million+ user community at north of $30 - $50 billion.
Some speculate that an official IPO may be made in mid-2012.
With the secondary-market valuing shares at $30, the sale could raise $300 million for the holder.
Only four people were involved with the officially founding of Facebook:
CEO Mark Zuckerburg, Chris Hughes, Dustin Moskovitz, and Eduaro Saverin. The shares represent about 1% of all total outstanding shares of the company.
The Post reports that Facebook did not return calls seeking a comment on the situation.
A Facebook IPO has been hot news for a while now, with many firms valuing the 500 million+ user community at north of $30 - $50 billion.
Some speculate that an official IPO may be made in mid-2012.
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