Facebook seeks $85 billion to $95 billion valuation for IPO [updated]

By on May 3, 2012 at 3:05 PM.

Facebook seeks $85 billion to $95 billion valuation for IPO [updated]

Facebook IPO valuation revealed

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin.

UPDATE: Facebook will offer 337.4 million shares priced between $28 and $35 per share, StreetInsider.com reports. According to CNBC, Facebook CEO Mark Zuckerberg will personally sell 30.2 million shares when Facebook makes its public offering, valued at roughly $1 billion. More →

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Farmville creator Zynga files for $1 billion IPO

By on July 1, 2011 at 7:38 PM.

Farmville creator Zynga files for $1 billion IPO

Zynga, the popular gaming company behind hits such as Farmville — and the owner of other smash titles such as Words with Friends on Android and iPhone — has filed for an initial public offering (IPO), The New York Times reported on Friday. It currently has a $20 billion valuation and has plans to offer 10% of its shares; Morgan Stanley will work on the deal. Mark Pincus, the company’s CEO, expects that Zynga can earn $1 billion through the IPO. Unlike some other recent tech IPOs, which have caused many to claim the industry is in the midst of a “tech bubble,” Zynga has had solid earnings through its business model, which typically relies on in-app purchases for in-game currency. The firm reportedly recorded a profit of $90.6 million in 2011 on revenues of nearly $600 million. Zynga currently remains the top-dog when it comes to gaming on Facebook — it has 272.5 million active users across its biggest titles such as Cityville and Farmville. More →

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Facebook stock sale would value company at $70B

By on April 28, 2011 at 1:18 PM.

Facebook stock sale would value company at $70B

That’s not a typo in the title, that’s seventy billion dollars… with a “b”. Reuters is reporting that a group of private investors is looking to offload nearly $1 billion worth of shares they hold in social networking company Facebook. The price per share puts Facebook’s valuation at nearly $70 billion. “The current deal, which includes stock held by Facebook employees, is awaiting approval from top Facebook executives including Chief Executive Mark Zuckerberg and Chief Financial Officer David Ebersman,” writes Reuters. “The sellers have lowered their price after previously trying to offload shares at a price that valued the company at $90 billion, which would make Facebook more valuable than Time Warner Inc and News Corp combined.” Facebook declined to comment on the report. More →

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Amid SEC inquiry, Facebook gets $50 billion valuation after $500 million private investment

By on January 3, 2011 at 3:07 PM.

Amid SEC inquiry, Facebook gets $50 billion valuation after $500 million private investment

Social networking giant Facebook may be looking to conquer another market, Wall Street. After news spread of a $500 million investment — $450 million from Goldman Sachs and $50 million from Russia’s Sky Technologies — Facebook was given a valuation of $50 billion by market analysts and firms. The eleven figure price tag was placed upon the privately held company even as the government’s Securities and Exchange Commission has, purportedly, launched a formal inquiry into Facebook’s private-share trading activity. According to the Times, the SEC is investigating the “increasingly hot private market for shares in Internet companies, including Facebook, Twitter, the gaming site Zynga and LinkedIn.” The government agency is looking for loopholes in the public disclosure laws that companies, investors, and firms may be exploiting through the use of private shares. A $50 billion valuation of Facebook makes the company’s youthful CEO, Mark Zuckerberg, worth an estimated $15 billion — more than double the estimated $6.9 billion net-worth put on Facebook’s founder back in September. More →

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Twitter given $3.7 billion valuation

By on December 15, 2010 at 5:56 PM.

Twitter given $3.7 billion valuation

AllThingsD is reporting that microblog Twitter has just completed a final round of investor funding. “Sources familiar with the situation” told the publication that the San Francisco based company raised over $200 million on a $3.7 billion valuation; an assertion Twitter later confirmed. The top investor was firm Kleiner Perkins Caufield & Byers, who the report notes was the “only new investor in the latest round”. Twitter, unlike Facebook, has yet to come up with a concrete and clear model for monetization, but does have a plethora of users and… a larger pile of cash to work with. More →

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