Facebook Employees are selling X shares at a price of $35 per share in advance of the pending IPO. The price of $35 per share implies a valuation of $80 billion for the company (2,300,000,000 shares outstanding * $35). These shares will be subject to a 180 lock up period post the IPO (subject to extension). The timing of the IPO is unknown at this time and a syndicate has not yet been selected. The book is currently 2.0 – 2.5x oversubscribed. Expected pricing is mid next week, but is subject to acceleration.
Min purchase size 135K shares.
I'm playing with G+ right now and like it a lot better than Facebook...
