Ⓜ️ Thiel’s Facebook Exit
Peter Thiel turned a $500,000 investment in Facebook into roughly $1 billion, while retail investors were down 47% from the IPO price.
🖱️ 2004: Thiel invests $500,000 for roughly 10% of Facebook.
🖱️ May 18, 2012: Facebook IPOs at $38. Thiel sells 16.8 million shares for $640 million and sets up a plan to sell the rest before the stock trades for an hour.
🖱️ August 16-17, 2012: He sells 20.6 million more shares at $19-$21 after the first lockup expires.
🖱️ He keeps 5.6 million shares and his board seat.
The exit turned an early stake into $1 billion in cash, while the stock closed at $20.01 on August 20, 2012.
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Ⓜ️ Thiel’s Facebook Exit Peter Thiel turned a $500,000 investment in Facebook into roughly $
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