$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.”
kneelb4me
Ohh. maybe i should start shorting this with a very small positions and when it cracks $20, add a full position.
vegastrader
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.
zenhunter
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…