J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Barclays will serve as co-bookrunners for the offering and BNP PARIBAS, Citigroup, RBC Capital Markets, Credit Suisse, HSBC, RBS, Standard Chartered, Piper Jaffray and Allen & Company are serving as co-managers.
Our principal purpose for selling shares in this offering is to obtain additional capital. We intend to use the net proceeds to us from this offering for working capital and other general corporate purposes; however, we do not currently have any specific uses of the net proceeds planned. Additionally, we may use a portion of the proceeds to us for acquisitions of complementary businesses, technologies, or other assets.”
Zuckerberg’s $2.3 billion take away will be used to pay taxes he incurred by exercising a stock option to purchase 60 million shares of Facebook Class B common stock.
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