Facebook Backers To Reap Billions In IPO Share Sales

Law360, New York (May 4, 2012, 4:35 PM EDT) -- Goldman Sachs Group Inc., DST Global Ltd. and Accel Partners, three of Facebook Inc.'s biggest investors, are set to rake in as much as $2.7 billion combined as three big sellers in the company's forthcoming initial public offering, according to a Thursday filing.

In total, existing investors and company executives will drop shares worth up to $5.5 billion in the IPO, according to Facebook's fifth amended prospectus filed Thursday with the U.S. Securities and Exchange Commission.

The tech giant's latest prospectus, which lists a price range...
To view the full article, register now.