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 Backdoor entry for Facebook

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PostSubject: Backdoor entry for Facebook    Backdoor entry for Facebook  Icon_minitimeSat May 12, 2012 2:59 pm

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.

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