Transaction Announcement
An investment before the public offering in 2012

September 24, 2011 - FIX FACEB 3B, LLC. United States, has invested in Facebook, Inc.

Leox AB has raised the capital in Sweden to the investment fund FIX FACEB 3B, LLC.

California-based Facebook, the hot social networking giant is planning for a public offering in 2012.

Estimated Value: $80 billion

Last Year's Rank / Valuation: #1 / $25 billion

Business: Facebook is the largest social networking site in the world with more than 750 million users, up from 500 million users last year.

Location: Palo Alto, California

CEO: Mark Zuckerberg

Investors: Earlier this year, Facebook closed a $1.5 billion round of funding that valued the company at more than $50 billion from Goldman Sachs, some of Goldman's international clients, and Digital Sky Technologies. Before that, the company had raised more than $400 million in funding since 2008. Microsoft ($246 million), Hong Kong billionaire Li Ka-Shing ($60 million), Greylock Partners and Meritech Capital Partners ($25M), Accel Partners ($12.8 million), PayPal co-founder Peter Thiel ($500,000), European Founders Fund ($15 million), Digital Sky Technologies ($200 million) and TriplePoint Capital ($100 million).

Analysis: Even though revenue numbers leaked earlier this year were lower than expected, Facebook is still growing very rapidly. An anonymous source told Reuters that Facebook earned $500 million on $1.6 billion in revenue during the first half of 2011. That's about twice as much as it earned and booked during the first half of 2010. Shares are trading as high as $80 billion on Sharespost, at approximately the same level where they've been trading for the past 6 months. This is about ~60X this year's projected earnings and 20X revenue. These are high multiples, and for this valuation to be sustained, the company will have to continue to grow extremely rapidly.

The information contained herein is for informational and discussion purposes only and is not intended to be, nor shall it be, construed as legal, tax or investment advice or as an offer, or the solicitation of any offer, to buy or sell any securities. Before entering into any investment you should thoroughly review the respective transaction documents with your legal, tax and investment advisors.

Facebook, Inc.
Common stock

September 24, 2011

Transaction Overview
  • FIX FACEB 3B, LLC has invited Swedish investors to make placements in trading units of 80 memberships at SEK 21,760
  • Proceeds to be used for investing into Facebook, Inc