Investors are rushing through the back door in a bid to cash in on Facebook’s much-hyped IPO.
GSV Capital -- which trades on the open market but invests in a portfolio of private companies from Facebook to Twitter -- sold 6 million more shares yesterday, raising around $100 million, as investors looked for ways to profit from the social network’s public debut next week.
GSV has a $120 million portfolio, including $11.2 million worth of Facebook shares that it bought on the private market last year.
“Now, I have a stake in Facebook’s IPO, something to root for,” said one investor who scooped up 6,000 GSV shares.
GSV Capital -- which trades on the open market but invests in a portfolio of private companies from Facebook to Twitter -- sold 6 million more shares yesterday, raising around $100 million, as investors looked for ways to profit from the social network’s public debut next week.
GSV has a $120 million portfolio, including $11.2 million worth of Facebook shares that it bought on the private market last year.
“Now, I have a stake in Facebook’s IPO, something to root for,” said one investor who scooped up 6,000 GSV shares.
