Arab Today, arab today facebook sets private market exit
Last Updated : GMT 06:33:52
Arab Today, arab today
Arab Today, arab today

Facebook sets private market exit

Arab Today, arab today

Arab Today, arab today Facebook sets private market exit

Washington - Arabstoday

Facebook will permanently halt trades of its stock on private secondary markets at the end of this week. The move is to allow the social network to finalise its shareholder list and tighten information pathways leading up to its initial public offering, expected in May. SharesPost, which facilitates the private sale of Facebook shares, told investors the company had requested a stop to trading on Friday \"to help ensure [its] orderly transition into the public markets\". Two people familiar with the situation confirmed the move. Facebook\'s IPO is expected to be one of the largest ever, with some estimates putting a $100bn valuation on the company at the time of the public offering. The length of the stop on trading is unusual. Other internet companies, including Groupon and Zynga, continued trading on the private markets right up to their IPOs, while LinkedIn ceased trading a week before its offering. Most companies take a few days, said Sam Hamadeh, chief executive of PrivCo, which researches private companies. Facebook will be the first to take at least a month. Mr Hamadeh said the company probably wanted to prevent any leak of sensitive information from a private transaction, thereby avoiding legal risks. It may also want to calm the private market before its IPO is priced. Facebook shares last traded at $43.50 on SharesPost, down from a February high of $46. Facebook is aiming to go public in May, according to a person briefed on the deal, though the Securities and Exchange Commission will have a say on the timing. The company has so far been meticulous in its preparations and dealings with regulators. The SEC has posed minimal questions to Facebook, requiring minor revisions to the company\'s original IPO registration forms which were filed in February. Facebook since filed two amendments, the last one on Tuesday, which included updated warnings about a patent lawsuit Yahoo filed against Facebook earlier this month and some updated metrics about its users and engagement. The first amendment revealed that the company had established a new line of credit worth $5bn and secured a $3bn bridge loan to cover the costs of its employees selling company shares. Facebook\'s exit from the secondary market is expected to have a big impact on companies like SharesPost and SecondMarket, a New York-based company that facilitates trades in private stock. Both companies were essentially built around the desire of former Facebook employees to liquidate their stock and the majority of trades they enable are for Facebook stock. Nyppex, an illiquid securities trading consultancy, estimates its volumes will slow in 2012 to $7.1bn from $9.3bn last year, as companies like Facebook, and possibly Twitter, go public.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook sets private market exit Arab Today, arab today facebook sets private market exit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today facebook sets private market exit Arab Today, arab today facebook sets private market exit

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 05:54 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday