As Facebook raised the expected range of the stock to $34-$38 per share, up from previous range $28-$35, those early investors are looking to cash out more shares. Here is a guide of who is cashing out and how much they are cashing out:
- Tiger Global will sell up to 50% of its shares, up from 7% previously;
- Peter Thiel will sell up to 50%, up from 20% previously;
- Goldman Sachs will sell up to 50%, up from 23%;
- DST Global will sell up to 40%, up from 23%;
- Accel partners will sell up to 28%, up from 22%;
There are other investors who won’t increase sales. CEO Mark Zuckerberg still plans to sell 6% of his stakes.
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