This document contains a share price simulator for Facebook using data from their S-1 filing with the SEC from February 2012. It shows the number of outstanding shares for different classes of stock as of December 2011 and projected for 2012, and calculates the implied valuation of Facebook at different hypothetical share prices. At a $48 per share price, the pre-money valuation would be $118.7 billion and the post-money valuation after the IPO would be $123.7 billion.

1. FACEBOOK's share price simulator
(Source: SEC S-1 filed Feb 1 2012) Form S-1 , Facebook Inc.
Oustanding as of: Class S-1 page number of shares Share Price $ in Notional
A 104,166,667 48 5,000,000,000 IPO notional amount
Class B 31-Dec-11 B p. 8 & p.39 1,758,902,390 48 84,427,314,720
Class A 31-Dec-11 A p. 8 & p.39 117,097,143 48 5,620,662,864
2005 Stock Plan 31-Dec-11 B p. 8 & p.39 138,539,434 48 6,649,892,832
RSU-2005 Stock Plan 31-Dec-11 B p. 8 & p.39 378,772,184 48 18,181,064,832
RSU-2005 Stock Plan 1 Jan 2012-31 Dec 2012 B p. 8 & p.39 1,947,208 48 93,465,984
2012 Eq. Incentive plan 1 Jan 2012-31 Dec 2012 A+B p. 8 & p.39 77,185,000 48 3,704,880,000
Company valuations
tot # shares 2,576,610,026 after money: 123,677,281,232
pre money: 118,677,281,232
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