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Facebook Sets $28 to $35 IPO Price Range - CNN 3 May 2012

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Mdm Tang

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Dear Bros ,



Please share where to open a Trading account to buy FaceBook Shares

in the open market.


Getting ready for its 1st trading day later end May 12 .


Which broking house Good ?


Are there "Options" to buy FB will low capital outlay but same return


as buying the "mother" share ???


Anyone here Trade with " OptionExpress" please share .


i want to load Big Big on FB on it 1st Trading Day :)

.




http://money.cnn.com/2012/05/03/technology/facebook-ipo-price/index.htm?iid=GM




Facebook sets $28 to $35 IPO price range


By Julianne Pepitone @CNNMoneyTech May 3, 2012: 5:23 PM ET


NEW YORK (CNNMoney) -- It's the day techies and investors have been waiting for: Facebook set a price range of $28 to $35 per share for its initial public offering. It also upped the maximum size of its offering to $13.6 billion, up from its previous $5 billion estimate.

Facebook currently has around 2.1 billion shares outstanding, so if its IPO prices at the top of the range, the company would be valued at just shy of $75 billion.



Many Facebook employees and executives, including Zuckerberg, hold unexercised stock options. The company itself is also holding some shares for future employee equity grants. If all of those shares were exercised, Facebook's outstanding share count would rise to around 2.8 billion, pushing its valuation closer to $98 billion.


Facebook's target price range isn't binding, and could change several times before Facebook actually makes its debut. The company will set its final price the night before it begins trading. That's expected to happen sometime in mid-May, with May 18 the current target date.

Institutional investors who purchase shares directly from Facebook's underwriters, including lead banker Morgan Stanley, will buy in at the IPO price. Regular investors will get their shot the next day, when Facebook begins trading on the tech-heavy Nasdaq exchange under the ticker "FB."

The target range set on Thursday could be lowballing. Facebook said in a filing last month that it internally valued its shares at $30.89 each, as of January 31 -- up from $29.73 a month earlier.

Facebook's user base is growing. The site had 901 million monthly active users as of March 31, up 33% compared to the same date last year. User growth is fastest in Brazil, India, and the United States, Facebook said.


Zuck's windfall: Facebook CEO and founder Mark Zuckerberg plans to sell 30.2 million shares in the IPO offering. If Facebook prices at the top of its range, that will net Zuckerberg about $1 billion -- cue the Sean Parker "you know what's cool?" jokes.

But Zuckerberg won't be hanging on to his cash. The company said he will use the "substantial majority" of the windfall to cover the whopping tax bill he'll be hit with, thanks to his plan to exercise a large stock-options grant that will substantially increase his ownership stake in the company he founded.

In 2011, Facebook CEO Zuckerberg pulled in a $500,000 base salary. But he requested -- and will receive -- only $1 per year in salary starting January 1, 2013.

Zuckerberg, who remains the largest shareholder in the company he created, still takes home a hefty pay package. His total compensation in 2011 came to $1.48 million, according to Facebook's calculations.

Although he only owns around a quarter of Facebook, Zuckerberg's shares carry extra voting rights. After the IPO, Zuckerberg will control around 57.3% of the voting power in Facebook.


Financials: Last week, Facebook revealed its first-quarter financials. The company earned $205 million on sales of $1 billion. Both revenue and profit fell from the fourth quarter of 2011, which Facebook chalked up to typical advertising sales slowness in the first quarter compared to the fourth.

Though sales grew by 45% compared to the first quarter of 2011, net income was down 12% from the same period.

Meanwhile, Facebook's closely-watched cash hoard remained virtually unchanged in the first quarter of 2012 from the $3.9 billion it reported in the prior quarter.

That could change, thanks to Facebook's spending spree in April. The company shelled out $550 million to buy part of a large patent portfolio that Microsoft (MSFT, Fortune 500) had previously bought from AOL (AOL).

Facebook is also forking over a cool $1 billion to buy mobile photo sharing startup Instagram, though only $300 million of that is cash. The rest of the purchase is being paid in Facebook shares -- almost 23 million of them. If Facebook prices at $35 a share, Instagram's purchase price is now closer to $1.1 billion.

The company said it forecasts capital expenditures of up to $1.8 billion in 2012.

How Facebook makes money: Advertising accounted for 82% of Facebook's first-quarter revenue, or $872 million.

Facebook's other revenue stream is Facebook Credits, its payment system for purchases within apps and games. Facebook keeps 30% of the revenue from those payments, and passes the remaining 70% on to the app developer. Those fees brought in $186 million for Facebook last quarter.

Revenue from Zynga (ZNGA), which makes FarmVille and other games played on Facebook, represented 11% of Facebook's total revenue in 2011.

First Published: May 3, 2012: 3:57 PM ET
 
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http://money.cnn.com/2012/05/03/technology/facebook-ipo-zuckerberg/index.htm?iid=HP_LN





Zuckerberg to raise $1 billion cash from Facebook IPO

By David Goldman @CNNMoneyTech May 3, 2012: 11:56 PM ET



NEW YORK (CNNMoney) -- Let's hope Mark Zuckerberg has deep pockets in his hoodie.

The Facebook CEO plans to sell 30.2 million shares of his stake in the social network when it publicly offers its stock later this month. If the company's IPO prices at the top of its $28 to $35 per-share range, Zuckerberg would pocket a "cool" $1.1 billion.


However, most of that cash will go straight to Uncle Sam and California. Zuckerberg plans to partially exercise a major stock options grant, and will use almost all of the cash he raises from his IPO sale to pay off the taxes on that maneuver.

But even after the tax man takes his bite, Zuckerberg will be a paper billionaire. His remaining 504 million shares will make him worth $17.6 billion if Facebook hits the top of its IPO range -- enough to make him one of the 50 richest people on the planet, by Forbes' calculation. Bloomberg has already give him a spot in its Billionaires Index.


It will be the Facebook CEO's biggest payday by far, though he has collected plenty of cash over the years. Last year, he made $483,000 in salary, took home a $220,500 bonus, and received additional perks like private jet travel valued at $783,000.

Zuckerberg isn't the only one making gobs of money on Facebook's IPO.

Investor Peter Thiel, who put up $500,000 to get Facebook through its first summer of operations, now owns a 2.5% stake in the company. He plans to sell a chunk of stock on IPO day that could be valued at $271 million, assuming a $35 per share pricing.

Accel Partners, the first major venture capitalist to fund Facebook, owns around 11% of the company. It invested $12.7 million in April 2005, and plans to raise $1.3 billion in cash through share sales. Not a bad turnaround.

The Russian venture capital group DST Global, with its 5% stake, plans to sell $919 million worth of shares on IPO day, and Russian social networking company Mail.ru Group will sell shares valued at up to $392 million.

But some high-profile Facebook shareholders won't be selling any of their stock on IPO day.

The social network's No. 2, Sheryl Sandberg, is hanging on to all of her stake, which will make her a paper billionaire. Same for Facebook co-founder Dustin Moskovitz, who has the third-largest ownership holding in the company. His 8% stake could be worth roughly $4.7 billion on IPO day, and he's not cashing out yet.

Facebook's latest regulatory filing suggests that the company's Russian investors worked some backroom deals with the social network last month, negotiating more lenient "lock-up agreements," which dictate when investors can sell off their holdings.

Mail.ru and DST can now sell roughly a quarter of their shares after three months, another eighth after seven months and the rest after a year.

Facebook's previous filings mandated a six-month waiting period before the pair could make any post-IPO share sales, and required them to wait 18 months before entirely unloading their holdings.
 
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http://money.cnn.com/2012/05/03/technology/facebook-ipo-zuckerberg/index.htm?iid=HP_LN





Zuckerberg to raise $1 billion cash from Facebook IPO

By David Goldman @CNNMoneyTech May 3, 2012: 11:56 PM ET



NEW YORK (CNNMoney) -- Let's hope Mark Zuckerberg has deep pockets in his hoodie.

The Facebook CEO plans to sell 30.2 million shares of his stake in the social network when it publicly offers its stock later this month. If the company's IPO prices at the top of its $28 to $35 per-share range, Zuckerberg would pocket a "cool" $1.1 billion.


However, most of that cash will go straight to Uncle Sam and California. Zuckerberg plans to partially exercise a major stock options grant, and will use almost all of the cash he raises from his IPO sale to pay off the taxes on that maneuver.

But even after the tax man takes his bite, Zuckerberg will be a paper billionaire. His remaining 504 million shares will make him worth $17.6 billion if Facebook hits the top of its IPO range -- enough to make him one of the 50 richest people on the planet, by Forbes' calculation. Bloomberg has already give him a spot in its Billionaires Index.


It will be the Facebook CEO's biggest payday by far, though he has collected plenty of cash over the years. Last year, he made $483,000 in salary, took home a $220,500 bonus, and received additional perks like private jet travel valued at $783,000.

Zuckerberg isn't the only one making gobs of money on Facebook's IPO.

Investor Peter Thiel, who put up $500,000 to get Facebook through its first summer of operations, now owns a 2.5% stake in the company. He plans to sell a chunk of stock on IPO day that could be valued at $271 million, assuming a $35 per share pricing.

Accel Partners, the first major venture capitalist to fund Facebook, owns around 11% of the company. It invested $12.7 million in April 2005, and plans to raise $1.3 billion in cash through share sales. Not a bad turnaround.

The Russian venture capital group DST Global, with its 5% stake, plans to sell $919 million worth of shares on IPO day, and Russian social networking company Mail.ru Group will sell shares valued at up to $392 million.

But some high-profile Facebook shareholders won't be selling any of their stock on IPO day.

The social network's No. 2, Sheryl Sandberg, is hanging on to all of her stake, which will make her a paper billionaire. Same for Facebook co-founder Dustin Moskovitz, who has the third-largest ownership holding in the company. His 8% stake could be worth roughly $4.7 billion on IPO day, and he's not cashing out yet.

Facebook's latest regulatory filing suggests that the company's Russian investors worked some backroom deals with the social network last month, negotiating more lenient "lock-up agreements," which dictate when investors can sell off their holdings.

Mail.ru and DST can now sell roughly a quarter of their shares after three months, another eighth after seven months and the rest after a year.

Facebook's previous filings mandated a six-month waiting period before the pair could make any post-IPO share sales, and required them to wait 18 months before entirely unloading their holdings.


Did you make money on JEL punt?

Better chance to make money on the baccarat table than to punt on sub-penny stocks.
 
Did you make money on JEL punt?

Better chance to make money on the baccarat table than to punt on sub-penny stocks.



Lost a some S$ .


Brokers told me Syndicates used Programmed Tradings.


Moved away from JEL and TT Intl.


Baccarat is a very short term game.


The longer you play at the table ; sure lose back ...

Baccarat is out also ...
 
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