14 DAY TRIAL // Facebook's IPO came and went without a hitch. Stock price didn't surge in the first day as some expected, in fact it needed some help to stay above the initial price. But all that means is that Facebook made as much money as it could have in the deal.
It netted some $16 billion, €12.6 billion in one day at a valuation of over $100 billion, €78.72 billion. That's more than most companies in the world can say.
The money ensures that Facebook's future is assured for some time to come, especially since it's been profitable for quite a while. Meanwhile, investors finally get to cash in on their bets, large or small as they may be.
Along with real cash, the IPO also minted plenty of paper billionaires and millionaires. For many, the fortune depends on how well Facebook stock does on the market from now on, but still, plenty of people had a very fruitful day yesterday.
The biggest winner, of course, is Mark Zuckerberg himself, cofounder and CEO, who owns the biggest stake in facebook. His shares, all 503.6 million of them, are now worth some $19.1 billion, €15 billion.
He sold 30.2 million shares in the IPO, netting him $1.15 billion, €905 million, but that will cover some tax expenses on his vast fortune.
Still, that's enough to make him the 29th richest person on the planet and to easily surpass Google cofounders Sergey Brin and Larry Page or long time CEO Eric Schmidt.
Cofounder Eduardo Saverin is worth about $2.7 billion, €2.12 billion after the IPO as he owned about 4 percent of Facebook's shares, though these are not up to date official figures.
Cofounder Christopher Hughes owns some 22 million shares which are worth about $836 million, €658 million. But he's already sold some of his Facebook shares on the secondary markets, netting him about $100 million, €78.72 million.
Investor Peter Thiel, of PayPal fame, Facebook's first investor brought in by the notorious Sean Parker, made some $1.7 billion, €1.34 billion from his initial $500,000, 393 million investment. He's worth some $2.7 billion, €2.12 billion in total,
Sean Parker himself made a killing in the Facebook IPO. His stake is estimated at being worth some $2.65 billion, €2.08 billion. He was awarded 70 million shares initially. He sold some 3.65 million shares prior to the IPO in the secondary market.
Sheryl Sandberg who came to Facebook as COO from Google in 2008 didn't do too bad. She has some 27 million shares, 25 million of which have already vested. She has a separate 14 million unvested shares. She's already worth more than $1 billion, €787 million.