Facebook $FB to release billions of new shares starting August 15th.

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$FB FACEBOOK LOCK-UP RELEASES:  August 15th, 2012 (next Thursday): 268 million shares, 10% of shares outstanding.  October 14th: 249 million shares, 9% of shares outstanding.  November 13th: 1.332 billion shares, 49% of shares outstanding.  December 13th: 124 million shares, 5% of shares outstanding.  May 17th, 2013: 47 million shares, 2% of shares outstanding.

Over the next 4 months, in other words, 2 billion Facebook shares will  become eligible for sale—about 70% of Facebook’s total shares outstanding.

Source: Henry Blodget August 6th, 2012

3 Responses to “Facebook $FB to release billions of new shares starting August 15th.”

  1. Ohh. maybe i should start shorting this with a very small positions and when it cracks $20, add a full position.

    • It is not implied that these shareholders will sell, but some might want to trade for new house, cars and what ever right away. Others might sell into any rallies. I sold my shares at the IPO price @ 38.00 long time ago. No current position.

      • Don’t underestimate the musical chair effect with the add’l 2 billion shares being available for sales… there are only so many chairs going around…

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