Facebook has seen a frenzy of demand in the run-up to its initial public offering.
On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.
It’s presenting some holders with the classic conundrum: stay in, or cash out. As more shares will be sold to the public, it’s given some investors a chance to liquidate sizeable portions of their holdings.
RELATED: 6 intriguing Facebook investors
The most notable: hedge fund Tiger Global, which over the course of the last 24 hours has significantly upped the amount of shares it will sell in the deal. Originally slated to offer just 3.4 million shares as part of the offering, the New York-based hedge fund, founded by legendary investor Julian Robertson, will now be cashing out a stake of more than 23 million shares.
Continue reading.
On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.
It’s presenting some holders with the classic conundrum: stay in, or cash out. As more shares will be sold to the public, it’s given some investors a chance to liquidate sizeable portions of their holdings.
RELATED: 6 intriguing Facebook investors
The most notable: hedge fund Tiger Global, which over the course of the last 24 hours has significantly upped the amount of shares it will sell in the deal. Originally slated to offer just 3.4 million shares as part of the offering, the New York-based hedge fund, founded by legendary investor Julian Robertson, will now be cashing out a stake of more than 23 million shares.
Continue reading.
