Did Facebook Inc receive any of the money from the IPO?

[rhett o rick]

I am not versed at economics. I recognize that a company can raise money by selling stock. But was any of the stock sold at the IPO new stock or stock that was already owned by individuals. If a company gives it's executives stock, then when that stock is sold, none of the money goes to the company.

How was the share price determined for the IPO?

[PoliticAverse]

1. Most was new but some came from investor/owners. See:

http://news.cnet.com/8301-1023_3-57435537-93/facebooks-latest-filing-insiders-are-cashing-in/
http://news.cnet.com/8301-1023_3-57435207-93/facebook-ups-ipo-again-this-time-with-more-shares/?tag=mncol;txt
http://sec.gov/Archives/edgar/data/1326801/000119312512235588/d287954ds1a.htm

The IPO price was determined by 'guesstimate', basically trying to guess the highest price they could get below the lowest price the stock would drop to
in the near future.

[rhett o rick]

2. Thank you very much for the links. nm