Will Facebook Succumb To IPO Pressure?
The Securities and Exchange Commission probe of shares trading on private marketplaces might result in pressure for Facebook to go public.
The Securities and Exchange Commission’s probe into trading of Facebook shares on private marketplaces has some asking whether the regulator might pressure the social network to have an initial public offering.
An article in The New York Times says the SEC gave Facebook permission to grant restricted stock to its employees without having to list them publicly and make the financial disclosures required of public companies.
Federal law draws the line between public and private at 500 shareholders.
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