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If one was to buy some Facebook stock on a secondary market, would those shares be converted into public shares when the company IPO's? And if so, would you hav
by firefoxman1 15y ago
If one was to buy some Facebook stock on a secondary market, would those shares be converted into public shares when the company IPO's? And if so, would you have to abide by the IPO rules like the minimum hold time?
- rationalbeats 15y agoI was watching Bloomberg West the other day and they were talking about the people who bought Groupon shares on the secondary market at like 30 or 32 a share and that it must really suck to be them because they have to hold for the 180 days.
- firefoxman1 15y agoOuch, there goes that idea. Though it might be worthwhile to buy into shares on the secondary market now and sell really soon before the IPO date once the initial offering value is officially announced and solidified. That should shoot secondary market shares up to match the public offering price right?