Facebook Shares Reportedly Halt Trading For Three Days
A three-day halt in trades of Facebook shares reportedly begins tomorrow. Some see this as the first sign of a forthcoming registration to go public.
A three-day halt in trades of Facebook shares begins tomorrow, according to a report by Bloomberg News.
The law firm that processes trades in Facebook shares initiated on private secondary markets, Fenwick & West LLC, won’t handle transactions this Wednesday through Friday.
People can still initiate buy and sell orders for the social network’s stock, however.
We asked for comment from Fenwick & West and Facebook, but spokespeople for both declined to comment on Bloomberg’s story; we also reached out to SecondMarket and SharesPost, where shares of the social network trade, and who also declined to comment.
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