The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
The $38 share price vaults Facebook’s valuation to right around $100 billion, which would be the highest valuation on record for any company at the time of its IPO, according to CNBC.
The total offering, from both Facebook and other parties, is 421,233,615 shares of class-A common stock, following the addition Wednesday morning of 83,818,263 shares from parties other than Facebook.
According to reports yesterday, most brokerages have already stopped accepting orders for the Facebook IPO, so interested investors who did not act in time may have to ride the market wave and invest at whatever price they can get. Or they can wait until May 29, when options trading on Facebook’s stock is allowed to begin.
Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will “ring the bell” of the Nasdaq exchange from Facebook headquarters in Menlo Park, Calif., Friday morning, signifying the start of trading.
Based on the $38-per-share price, Fortune offered this list of what individuals and institutions stand to make if underwriters exercise their entire overallotment, as well as the value of Facebook shares they will still hold:
Individuals:
- Mark Zuckerberg: $1.5 billion ($19.14 billion remaining)
- Dustin Moskovitz: $285 million ($4.8 billion)
- Peter Thiel: $848 million ($852 million)
- Mark Pincus: $4.1 million ($158 million)
- Sean Parker: $38 million ($2.27 billion)
- Reid Hoffman: $412 million ($138 million)
- Jim Breyer: $125 million ($320 million)
Institutions:
- Accel Partners: $2 billion ($4.72 billion)
- Digital Sky Technologies: $2 billion ($3 billion)
- Goldman Sachs: $1.25 billion ($1.25 billion)
- Greylock Partners: $332 million ($1.06 billion)
- Elevation Partners: $202 million ($1.32 billion)
- Mail.ru Group: $857 million ($1.28 billion)
- Meritech Capital Partners: $306 million ($1.23 billion)
- Microsoft: $287 million ($959 million)
- Tiger Global Management: $1.03 billion ($1.02 billion)
Josh Brown of asset-management firm Fusion Analytics, appearing on CNBC’s “Closing Bell,” said:
It’s about what we expected. I think the stock opens up at a premium from there. It will probably be a positive for the market overall tomorrow. This is a really dreary atmosphere, but something like a Facebook could really make people feel a little bit better about wading back into some Nasdaq names.
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Lisa Raphael (left), the social media producer at Katie Couric's daytime talk show Katie, is one of our featured speakers in Mediabistro's upcoming