valuation could reach $100 billion, the twentysomething could end up with stock worth a massive $28.4 billion.
With over 533 million shares of Class B stock, Zuckerberg's holding dwarfs the 201 million shares held by investment firm Accel Partners, which has an 11.4% stake in the company. Lead manager Morgan Stanley ( MS) will split fees with rivals worth about half a billion dollars. Facebook co-founder Dustin Moskovitz has a 7.6% position, while DST Global Limited, another investment firm, has 5.4% of the firm's Class B stock. Venture capitalist and Facebook director Peter Thiel has 2.5% of the Class B shares. Former Google ( GOOG - Get Report) executive Sheryl Sandberg, now Facebook's chief operating officer, has a smaller Class B share allocation, as does Netscape co-founder Marc Andreessen, a member of the Facebook board since 2008. Netflix ( NFLX - Get Report) CEO Reed Hastings makes frequent appearances throughout the S-1. The embattled Netflix chief, also a Facebook director, holds 20,000 Restricted Stock Units (RSUs) subject to vesting conditions "not expected to occur within 60 days of Dec. 31, 2011," according to the filing. Hastings received $610,067 total compensation from Facebook in 2011, including fees of $16,667 and stock awards of $593,400. The document also reveals that during 2009, 2010, and 2011, Netflix purchased $1.9 million, $1.6 million and $3.8 million, respectively, of ads on Facebook. "The purchases by Netflix were made in the ordinary course of business on commercially reasonable terms," Facebook said. Hastings, who endured a turbulent 2011 at the helm of video-rental and streaming company Netflix, was recently named worst tech CEO of the year by TheStreet's readers. As befitting the biggest (and sexiest) IPO in years, there's also a sprinkling of stardust in Facebook's regulatory filing. "Certain entities" associated with Elevation Partners, the private equity firm co-founded by U2 front man Bono, for example, are listed as holding shares of Facebook's capital stock.
The Learnvest Web site estimates that, with a $50 billion Facebook valuation, Bono's stake in the firm, via Elevation Partners, would be worth $750 million. A $100 billion valuation would push that figure much higher. Napster co-founder Sean Parker, portrayed by Justin Timberlake in the movie The Social Network, is also listed as a capital stockholder in Facebook's S-1. Not to leave anyone out, Zuckerberg gave his dentist father, Edward, options to buy 2 million shares. --Written by James Rogers in New York.
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