Facebook Second-Worst IPO Performer After Share Lock-Up
Posted: 8/17/2012 | By: Brian Womack | Bloomberg BusinessWeek
Facebook Inc.’s 6.3 percent drop yesterday, after the end of restrictions on share sales by its
biggest investors, was the second-largest post-lock-up decline
among companies that have gone public since January 2011.
Only social-game maker Zynga Inc. tumbled more, losing 7.9 percent, on the first day that insiders could start selling their stakes, data compiled by Bloomberg show.
Only social-game maker Zynga Inc. tumbled more, losing 7.9 percent, on the first day that insiders could start selling their stakes, data compiled by Bloomberg show.