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David Choe, Facebook graffiti artist, strikes it rich from IPO (VIDEO)

David Choe, a graffiti artist who earned stock options instead of cash for painting murals at Facebook's offices in 2005, could see his shares worth more than $200 million thanks to the Facebook IPO.

David choe facebook 2012 02 03Enlarge
Television cameramen walk away from a sign standing in front of the Facebook headquarters on February 1, 2012 in Menlo Park, California. Facebook is expected to file for its first initial public offering, seeking to raise at least $5 billion. Graffiti artist David Choe, who painted murals on Facebook office walls in 2005 in exchange for shares, could rake in $200 million. (Justin Sullivan/Getty Images)

David Choe, a graffiti artist who painted murals at Facebook's offices in 2005, stands to strike it rich.

Choe was paid in stock options instead of cash for painting walls at the social networking company's first headquarters in Palo Alto, California, seven years ago. 

The Los Angeles-born artist's shares could be worth more than $200 million when Facebook stock starts trading publicly later this year, The New York Times reported.

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The Los Angeles Times said that "Choe became infamous in Silicon Valley for allegedly being commissioned to spray-paint sexual graphics on the walls of Facebook's first Palo Alto office" by founding president Sean Parker.  

This art was re-created for the film "The Social Network," according to the LA Times.

On Wednesday, Facebook announced its $5 billion IPO, which is expected to value the company at between $75 billion and $100 billion.

Trading of Facebook shares is expected to begin in the second quarter of 2012, the Washington Post reported.

Bloomberg News said the company will take the ticker “FB” for its shares, which will trade on either the Nasdaq Stock Market or the New York Stock Exchange.

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http://www.globalpost.com/dispatch/news/regions/americas/united-states/120203/david-choe-facebook-graffiti-artist-shares-ipo-video