John Thomas Financial Raises $33 Million for Private Shares of Facebook in Secondary Market
Wall St. Firm Builds Opportunities for Investors in Tech and Social
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/16/12 -- , a full-service independent broker/dealer and investment-banking firm located in New York City's Financial District, announced today that it has raised $33,064,743.28 for Global Innovation Fund SPV1 LTD towards shares of Facebook in the secondary market. The fund, whose capital has been invested exclusively in private shares of Facebook, is managed by Galt Capital.
Investors can expect Facebook to complete its initial public offering by Thursday and begin trading on the NASDAQ Friday morning under the symbol "FB." A regulatory filing revealed on Tuesday that the company expects to sell shares at $34-$38, up from the previously reported $28-$35. At the high end of the newly disclosed price range, Facebook's IPO stands to raise nearly $13bln.
Facebook will sell 180 million shares in the IPO, with another 157 million coming from current stockholders. Analysts suggest that Facebook's value could be as high as $104 bln.
John Thomas Financial is no stranger to social media, having recently acted as an to Grandparents.com, a premier social media website for the 21st century generation of active, involved grandparents. The Wall Street Firm even uses , , and their own as effective tools to communicate company news and insights with their clients and the public.
John Thomas Financial's RIA affiliate, , manages the JTF Multi-Opportunity Fund, which identifies and strategically invests in key players in emerging technologies. The JTF Multi-Opportunity Fund has also purchased shares of Facebook in the secondary market and continues to raise capital from private investors for well-known names in tech, including Twitter.
"John Thomas Financial was founded on the values of innovation an entrepreneurship. Over the last decade the world has seen startups achieving incredible leaps in tech and the way we communicate. Facebook's story is aligned with our vision as an investment firm and we are proud to have participated in this historic event," says John Thomas Financial CEO .
, a member of FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, John Thomas Financial and its affiliates offer a full complement of retail brokerage, , and corporate advisory services tailored to the unique needs of its clients. The firm publishes the a unique daily indicator that looks at government spending and its impact on the financial markets, as well as , a report analyzing consumer sentiment, market outlook, credit cycles and dozens of other market influences. For timely insights, news, and commentary on economics and financial markets, visit the John Thomas Financial's website or join the John Thomas Financial community on and .
CONTACT:
ESVEE GROUP, LLC
159 20TH ST. SUITE 3B
BROOKLYN, NY 11232
646.820.5777
ESVEEGROUP.COM
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Datum: 16.05.2012 - 14:05 Uhr
Sprache: Deutsch
News-ID 147328
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