Facebook Co-founder Gives Up Citizenship Ahead Of Ipo

SAN FRANCISCO (Reuters) - Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship, according to an Internal Revenue Service report, days before the company's initial public offering.

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  • Facebook co-founder Saverin renounces citizenship
    The news, first published by Bloomberg on Friday, was based on an IRS notice late in April that named people "who have chosen to expatriate." Facebook plans to raise as much as $10.6 billion in an IPO that is expected to value the company at as much as $96 ...
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  • Facebook co-founder renounces citizenship ahead of IPO
    He lived the American Dream -- and then he packed up and left. Facebook co-founder Eduardo Saverin, who made billions off the world’s most popular social network, stands to rake in about $3.84 billion from his 4 percent share of Facebook, Bloomberg reported.
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  • Facebook Co-Founder Saverin Gives Up U.S. Citizenship
    Eduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. Facebook plans to raise as ...
    05/11/2012 - 7:58 am | View Link
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    Facebook is an online social networking service. Its name comes from a colloquialism for the directory given to students at some American universities. Facebook was ...
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  • Eduardo Saverin
    Eduardo Luiz Saverin is a Brazilian internet entrepreneur and investor. Saverin is one of five co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz ...
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