At the end of this week, it is believed that Facebook would suspend its stocks from being traded on the private secondary market. The step has been taken by the Facebook with the pursuit of making a final list of its shareholders.
The information about Facebook halting the trade of stocks was provided by the SharesPost that facilitates private sales. The information has been confirmed by two spokespersons of Facebook. The Facebook’s IPO is also making news these days.
There are a few who are hopeful that the IPO of Facebook would have a value of $100bn. It is hoped that IPO would be the largest IPO in the market. The shares of Facebook have been trading quite low on the SharesPost.
It has been informed that the IPO of Facebook would be made available for public in May. The timings of the launch of the IPO would be set by the Securities and Exchange Commission. It has come to light that Securities and Exchange Commission has asked Facebook to make minute changes in the company's original IPO registration forms which was filled in January. Usually, the Securities and Exchange Commission asks a number of questions during the filling of IPO registration. But Facebook was freed from it as the Securities and Exchange Commission asked only a few questions.
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