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I think the only reason they went public was because they had to. Mainly the 500 investor limit.
by dcaranda 15y ago
I think the only reason they went public was because they had to. Mainly the 500 investor limit.
- cies 15y agoisn't it dead easy to setup an investor entity, that invests in FB on behalf of max 500 other investors?
- jpdoctor 15y ago> I think the only reason they went public was because they had to. No, hitting the investor limit means only that you have filing obligations with the SEC. There is no obligation to trade your stock publicly.
- jedberg 15y agoThey got past that in 2008 and the SEC said it was ok since most of the shareholders were employees.