Mark Zuckerberg to sell $3.85bn worth of Facebook shares

Facebook and founder Mark Zuckerberg, social media company, as it takes advantage of rising stock prices stock worth about USD 3.85bn are turning to the public market to sell.

Company Zuckerberg on Wednesday's closing price of 41.4 shares worth about $ 2.3 billion , with sales of 70 million shares of a stock offering would deliver a total . Founder of the income of many of his friends Class B shares exercise an option to buy 60 million shares will be encountered later will be used to settle a tax bill . After the sale, the company Zuckerberg's voting control of 58.8 per cent from 56.1 per cent will go down . Facebook can be used for future acquisitions that added 27 million shares worth about 1.5 billion U.S. dollars, with sales revenues would be used to fund your business . Marc Andersen, venture capitalists, investors , or approximately 1.65 million shares of its stock offering about one-third of the shares satandig a single investor. JP Morgan Chase on Friday, after the closing of the offering is expected to happen , leaders , said a person close to the subject . Immediately after the sale of shares under the initial public offering comes 19 months into the S & P 500 , including Facebook 's stock , will be identical .

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