Confirmed: Facebook Prices Shares At $28 To 35, Raising $5 To $6.3B

Facebook just posted a new amendment to their IPO filing. The company is selling 180,000,000 shares of Class A common stock and is pricing them at $28 to 35. That means they’re raising between $5 and $6.3 billion.?On top of that, existing shareholders are selling?157,415,352 shares. Here’s the excerpt: Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share. This confirms the earlier pricing that we posted about today. We had a more specific range than The Wall Street Journal or The New York Times, saying the price was at $27-35. We were off by a dollar, but they said ‘high 20s to mid 30s’ in their original stories. There’s one more specific thing that’s new in the filing. It’s about the Yahoo patent lawsuits, for which Facebook had to spend more than a half-billion dollars to pick up patents from Microsoft. Here’s what Facebook said:?”Yahoo could in the future assert additional patent or other claims against us in this or in other proceedings. For example, we received a letter dated April 23, 2012 from Yahoo indicating that they believe 16 patents they claim to hold ?may be relevant? to open source technology they allege is being used in our data centers and servers. Yahoo has not threatened or initiated litigation with respect to matters described in this letter but it may do so in the future.” They responded: “Yahoo’s letter takes aim not just at Facebook but at open source and energy-efficient green technologies developed and employed by countless innovative, forward-thinking companies and engineers. We’re defending vigorously against Yahoo’s current lawsuit, and would likewise do so against any new assertions.”

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