IPO

Artist David Choe celebrates massive Facebook cash windfall

Artist David Choe celebrates massive Facebook cash windfall

One of the biggest cash winners in the IPO for Facebook here early in 2012 is an artist by the name of David Choe, and without a doubt he'll be the one enjoying it the most. As he writes in his humble blogspot blog today "I get up and see my picture of the New York Times and I find out that I'm the most highest paid decorator alive." That's got to feel nice, or perhaps bittersweet in a way, for a fellow who's already been around the world selling his priceless artworks under the title Graffiti Artist.

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Facebook’s IPO filing sends Zynga stock soaring

Facebook’s IPO filing sends Zynga stock soaring

The big story this week has been the Facebook IPO filing that is set to make a bunch of early employees at the social network millionaires. The Facebook IPO filing also showed how important game developer Zynga was to the money Facebook earns. The filing showed that Zynga accounted for 12% of Facebook's 2011 revenue. That means that to some extent profits for Facebook and profits at Zynga are intertwined.

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Facebook IPO’s biggest winner may be artist David Choe

Facebook IPO’s biggest winner may be artist David Choe

Back when Facebook was limited to its first couple of campuses here in the USA, artist David Choe was commissioned to paint their interiors in exchange for stock options instead of cash. As you can imagine, this was the correct choice made by the artist to choose the stocks and wait this long to cash them in, because instead of the "thousands" of dollars he would have gotten back in 2005 and 2007, he now has right around $200 million USD in stock value. That's some major cash for a fellow who, though he certainly isn't doing bad on his own, will be blowing this cash on some fabulous swag in the near future.

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Facebook depends on Zynga for 12% of revenue

Facebook depends on Zynga for 12% of revenue

Facebook officially filed its IPO today and the documents reveal that the social network's $3.71 billion revenue in 2011 has been dependent largely on its successful partnership with Zynga. Although Facebook generates a majority of its revenue from advertising, Zynga is responsible for almost all of the network's "Payments" revenue, worth 12% of total revenue.

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Facebook IPO launched officially

Facebook IPO launched officially

The social network known as Facebook has officially signed its Initial Public Offering, authorized by Ernst & Young LLP as having shares of its common stock available to the world today. Facebook seeks to raise $5 billion USD, just about half of what analysts were expecting on the whole. In the filing, its apparent that Facebook's current cash, cash equivalents, and marketable securities totals in at $3,908,000,000 - that's a lot of bank. Similar numbers can be seen in working capital at $3,705,000,000 and total stockholders' equity at 4,899,000,000 - that being over 5 billion USD in pro form. Total assets, the biggest of the sets, sits at over 6 billion USD.

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Facebook IPO timing and filing with Morgan Stanley named

Facebook IPO timing and filing with Morgan Stanley named

The market is preparing itself for one of the largest IPO openings in recent memory with the launch of Facebook, the group today being said to be choosing Morgan Stanley to take the lead at the start. This Initial Public Offering is said to be setting Facebook up for 10 billion in raised funds. Four sources with knowledge of the matter speaking anonymously with Bloomberg have let them know that Facebook is likely to choose FB as their stock symbol with an opening after the close of U.S. markets today.

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Facebook tipped for IPO by June

Facebook tipped for IPO by June

Facebook has been around since 2004, and has had investors since the beginning. The rumors keep swirling that Facebook is set to make an IPO, and according to sources cited by the Wall Street Journal, that IPO could come within the next five months. Sources have tipped that Facebook is targeting sometime between April and June for its IPO. According to rumors, Facebook could raise as much as $10 billion.

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