Facebook’s stock saw another major price decline - 6% down to $19,89 per share – after the end of the first lockup period. The price has already dropped 47% since the initial price seen right after the IPO.
Over the next few months, Facebook is planning to emit 243 000 000 shares so as its stock would could 1.2 billion shares on November 14th, 2012.
Facebook managed to attract $16 billion during the IPO, which made it one of the biggest IPOs in history. However, on the next day after the IPO, the stock price began to fall.
The chart below, courtesy of , reflects the current state of affairs in the market of Facebook’s stock.
Soros Fund Management LLC Invests in Facebook
Soros Fund Management LLC has recently published a press release telling us that the fund became the holder of Wal-Mart and Facebook’s stock. At the same time, the mangers sold their holdings of JP Morgan Chase & Co, Goldman Sachs Group and Citigroup Inc.
At the same time, George Soros, one of the greatest investors the world has ever seen, increased his holdings of SPDR Gold Trust. Previously, he used to call gold “the biggest investment bubble”. In June 2012, his holdings of gold assets were estimated at $137 000 000.
As mentioned, Soros also bought 341 000 Facebook shares through its Soros Fund Management LLC, which depreciated down to $10.6 million on investors’ fears.
