Initial investmentsGoogle received its initial funding of $100,000 in August 1998, before its inception, from Andy Bechtolsheim, co-founder of Sun Microsystems. For its initial funding, Facebook received $500,000 from Peter Thiel, co-founder of PayPal, in June 2004.
Market valueThe current market value of Google is $203 billion and Facebook’s value, at the time of the IPO, was $104 billion.
Personal worthMark Zuckerberg’s 533.8 million shares of stock makes Zuckerberg worth, wait for it, $20.3 billion at age 28. On the other hand, Google founders, Sergey Brin (36) and LarryPage (37), are worth $17.5 billion each.
Opening priceFacebook’s long-anticipated IPO was listed on Nasdaq on May 18, with its initial share price listed at $38 per share. Google went public on August 19, 2004. The companyoffered 19 million shares at a price of $85 per share.
Overnight millionairesAround 850 Facebook employees became overnight millionaires after the company went public, which is only tad short of the 1,000 millionaires (approximately) that Google’s IPOcreated.
The $100-million-plus factorFacebook, valued at $104 billion, is the first U.S. company to go public with a $100-billion-plus valuation. On the other hand, Google had a market capitalization of more than $23 billion at the time of its IPO.
First-day gainsOn the first day of trading, Facebook opened at $42.05 and hit a high of $45 before closing at $38.23 for a gain of just 0.6 per cent above the offer price. Google had a great first day at Nasdaq: Its stock opened at $100 and hit a high of $104.06 before closing at $100.34, 18 per cent above the IPO price.
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