Facebook is now trading publicly, if only indirectly.
The NY Post reports that GSV Capital, a newly public investment fund, made good on its promise to offer everyday investors a piece of Mark Zuckerberg's social networking giant by buying 225,000 shares of the private company on a secondary market at $29.28 each.
The $6.6 million investment, while just a sliver of Facebook's $70 billion value, nonetheless accounts for 15 percent of GSV's portfolio -- which has been open to investors since the fund's April IPO.
Investors were clearly encouraged by the Facebook deal and, perhaps anxious to jump aboard the fast-growing tech titan, lifted GSV 44 percent yesterday to $14.80, which was still below the IPO price of $15.
Find out more at
http://www.nypost.com/p/news/business/facebook_fund_DUac9P3NLRHrHMiGA0kPSN
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