Sunday, 1 April 2012

Private Facebook trading dries up as IPO looms (Hot n Happening)

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Source: bitspyder.net --- Sunday, April 01, 2012
[i]Private aftermarket values Facebook at north of $100 billion. Will public market track it?[/i] The window for trading pre-public Facebook shares has closed as investors' anticipation for the social giant's IPO ramps up. If you missed the opportunity to grab these shares (or didn't qualify to make a purchase), you must now line up with the hordes of general investors who will be buying this stock on the public exchange. [img]http://asset1.cbsistatic.com/cnwk.1d/i/tim/2012/03/30/SPostclose.png[/img] [size=1]An e-mail sent to SharesPost users earlier this week (Credit: Screenshot by Rafe Needleman/CNET)[/size] An e-mail sent to [url=https://www.sharespost.com/]SharesPost[/url] customers earlier this week stated that the closing date to buy Facebook shares was moved up. The original planned closing date for the auction was Monday, April 2; it was re-set to today at noon Pacific Time. Competing private equity market [url=https://www.secondmarket.com/]SecondMarket[/url] is laying off 10 percent of its staff as it ceases trading in the Facebook shares that have been buttressing the company to date. (Will we see these employees get jobs in the investor relations department at Facebook?) The financial data company [url=http://www.privco.com/press/Facebook-secondary-auction-closes]PrivCo[/url] reported that the final secondary auction of Facebook shares closed at $44.10 a share, pegging the company value at $104 billion. Whether Facebook ...

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