iBankCoin
Joined Nov 11, 2007
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Analysts Warn Investors to Beware of Facebook IPO Price Bubble

“Investors should exercise caution getting in on the Facebook initial public offering, as early investors in the social network may sell a hefty amount of shares right when the company goes public for a quick buck, which could burn others early on, analysts say.

Goldman Sachs plans to sell 29 million shares, the Guardian reports, more than originally planned, while legendary Silicon Vally investor Peter Thiel, another early backer, plans to sell 17 million shares.”

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