While high-profile exchanges like Second Market Inc. and SharesPost Inc. have become the face of secondary-market trading, dozens of investment funds and vehicles have quietly emerged to buy such stock. But as Facebook, the eight-year-old darling of pre-IPO investors, prepares for a high-profile listing in May, the market is at a crossroads.
Facebook formally acknowledged that the Securities and Exchange Commission has been conducting an inquiry into the trading of its stock on the secondary markets. Read Post
The latest auction of Facebook shares on SharesPost, a secondary market exchange, values the company at $80 billion, All Facebook says citing a SharesPost email. Yowza. While Facebook is unequestionably a huge company that is more l... Read Post