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Mark Zuckerberg sell Facebook shares worth $ 2.3 billion

2014-03-21  |  Comebuy News

Facebook and its CEO Mark Zuckerberg will take 70 million class A ordinary shares in trading a second placement. As communicated by the social network, Zuckerberg alone sold 41,35 million shares. He wants to donate another 18 million Wohltätigkeitsoriganisationen. 1.6 million 27,05 million shares, the rest come from the investor Marc Andreessen come from Facebook itself.

Mark Zuckerberg (image: James Martin/CNET)

The share sale will likely Zuckerberg bring approximately $2.3 billion, applying the last closing price. Facebook according to the founder of the company uses a large part of the proceeds, to settle a tax debt that was incurred by purchasing 60 million shares of class B.

A revenue of more than a billion dollars is Facebook itself. This should be used for "Working capital and other general corporate purposes".

The timing for the sale is good. Because yesterday's stock market concluded the Facebook stock at 55.57 dollars and thus was high so as never before. The issue price was $ 38 in may 2012. A weakness in August 2012 with a low $18 the Facebook stock has recovered quickly and could put clear especially since mid-July 2013. After the announcement of the secondary offering, lost the paper but about 2 percent today to start of trading in New York and fell to about 54.50 dollars.

In addition to the share sale Facebook has announced also that the rating agency standard & poor's it "S & P 500″ will absorb to the close of trading on Friday in its index. In it are some of the largest US companies and representing about 75 percent of the U.S. stock market. Other prominent officials in the index are Apple, eBay, Microsoft and other technology companies.

[with material by Don Reisinger, News.com]

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