Accel Partners, Goldman Sachs and Digital Sky plan to sell as much as $2.68 billion in shares of the world’s largest social network in order to get their slice in its ambitious IPO.
These three groups are the Major investors of Facebook.
Goldman Sachs is selling 13.2 million shares, worth as much as $461.6 million. Accel Partners, is going to sell around $1.3 billion of shares, while the remaining stake would be valued at about $5.7 billion, according to Bloomberg. The two companies would be the biggest sellers at Facebook’s IPO.
Digital Sky, which invested $500 million in Facebook, is selling 26.3 million shares to yield as much as $919 million.
Meanwhile Mark Zuckerberg, the founder of the social network, is hoping to sell 30.2 million of his own 533.8 million shares for as much as $35 apiece. He is expected to make up to $1.1 billion.
Facebook is expected to be valued at $96 billion, bringing executive and investor sales up to $5.5 billion.