S&P 500
7,443.20
+0.48%
Dow Jones
50,953.60
+0.34%
Nasdaq 100
29,643.80
+0.80%
Russell 2000
2,881.08
+0.85%
FTSE 100
10,345.00
-0.11%
Nikkei 225
65,648.70
+0.30%

Investing

Why Facebook Share Trading Is Being Halted

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
Facebook shares are about to be halted by the sound of it.  A report from Bloomberg noted that Facebook has asked companies which participate in trading of Facebook shares to stop trading shares at the beginning of April.  If so, sales this week will be the last sales. A trader has said that he was also told about the lock-up news from one of his private share exchange contacts.

The news is obviously for the cooling off of any valuation gaps ahead of Facebook’s formal initial public offering.  With valuations having ranged around $75 billion and $80 billion, it is too soon to know what sort of formal price valuation will be given to Facebook when the IPO hits the market in the weeks ahead.

Our take is and has always been that CEO Mark Zuckerberg wants as close to a $100 billion valuation.  There is not much logic as to why that number stands out other than that it is highly impressive.  Either way, Facebook is likely to be a record-breaking IPO and it is expected to create many new overnight millionaires.

The IPO is expected to raise at least $5 billion, but it sure sounds as though Facebook is just going to have yet another limited share float of a company that has many shares not on the market that could have been on the market.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Ten Companies Expected to Double Revenues in the Next Few Years

If you have analyzed the myriad earnings reports over the summer of 2013, the trend that you will notice is…

Tesla Investors So Negative on Solar Deal, Carmaker Loses More Value Than SolarCity Is Worth
Jon C. Ogg |

Tesla Investors So Negative on Solar Deal, Carmaker Loses More Value Than SolarCity Is Worth

Elon Musk is supposed to be Iron Man — sorry, Tony Stark. Now you are seeing that there could be…

Is BigCommerce Toppling Under Its Own Weight?
Jon C. Ogg |

Is BigCommerce Toppling Under Its Own Weight?

BigCommerce has been touted by some investors as the next big e-commerce company. The problem here is the rate of…

10 Large-Cap Tech Stocks Expected to Outperform Apple and Amazon in 2018
Jon C. Ogg |

10 Large-Cap Tech Stocks Expected to Outperform Apple and Amazon in 2018

Surely some of those other technology stocks could have a real shot of outperforming Apple and Amazon in 2018. Here…

Jon C. Ogg |

More Valuation Caution Seen in Facebook Reality Check

courtesy of Facebook Inc.Facebook Inc. (NASDAQ: FB) may have seen its peak at the initial public offering. That is what…

Jon C. Ogg |

Facebook IPO Rumors Growing Louder & Louder (GSVC, MSFT, MS, GS, DSI)

Facebook is now rumored to be filing its IPO paperwork as soon as next week.  The ‘rumor’ is coming out…

Jon C. Ogg |

Twitter IPO Speculation Picks Up Feverishly, and How to Play It

TwitterTwitter is going to be the next big social media IPO. At least that is what the news flow measurement…

Douglas A. McIntyre |

360-Degree Long & Short Value Review of Hansen (HANS, KO)

Hansen Natural Corp. (NASDAQ: HANS) was one of the most unusual stealth blow-ups of Friday.  If you were not paying…

As Amazon and Shopify Thrive in COVID-19 Economy, Facebook Wants Its Share
Jon C. Ogg |

As Amazon and Shopify Thrive in COVID-19 Economy, Facebook Wants Its Share

While Amazon has been growing and taking over certain aspects of the U.S. economy, Shopify has been growing exponentially and…

Top Gaining Stocks

Intel
INTC • Vol: 136,995,208
Micron Technology
MU • Vol: 54,102,300
KLA
KLAC • Vol: 1,165,878
Applied Materials
AMAT • Vol: 9,726,880
Lam Research
LRCX • Vol: 11,465,156

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Akamai
AKAM • Vol: 5,428,188
Hershey
HSY • Vol: 2,666,080
GoDaddy
GDDY • Vol: 2,546,735
Vulcan Materials
VMC • Vol: 1,249,706