SharesPost: This Is Facebook's Last Private Auction
SharesPost says the current auction of Facebook shares is the last one that will take place on a private marketplace.
SharesPost sent out emails to participants stating that the Facebook share auction currently underway is the last one that will occur on a private marketplace, which means that the initial public offer could be around the corner.
The SharesPost email said:
At Facebook’s request, SharesPost will cease facilitating transactions in Facebook stock as of Friday end of day to help ensure the company’s orderly transition into the public markets.
A previous message from SharesPost that went out an hour before said the auction‘s closing date changed to this Friday, March 30 from a previously planned Monday, April 2.
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