Facebook IPO puts bankers on back foot

By SogoTrade: Facebook: Option plays for Bulls and Bears By: John Critchley

By Evans Capital:On April 19th Firsthand Technology Value Fund (SVVC), the largest publicly traded holder of Facebook shares, took advantage of the Facebook (FB) pre IPO hysteria and completed a secondary offering of 4.4 million shares raisi

Facebook makes its hotly anticipated stock market debut this week in a history-making move promising wealth for insiders and change for users of the online social network.Facebook set a price range of $28 to $35 for its shares, which would value the firm at between $70 billion and $87.5 billion.The Menlo Park, California-company will nail down the initial public offering (IPO) share price before it begins trading as a public company.The IPO is expected to happen Friday although the timetable has not been confirmed.

By Evans Capital:As of Dec 31, 2011, Firsthand Technology Value Fund (SVVC) had an NAV of $23.92 per share. It recently closed at $45.18 which is 88 percent higher than its NAV. Huh? Why is this trading at such a premium?

The move gives Facebook time to account for its shareholding base as it makes final preparations for an IPO, the people said

ByAlpha Hunter:It's been tough for Facebook (FB) since the IPO in May 2012, as it has been unable to justify its IPO price to its investors. That's the reason that its stock price is still fluctuating. Currently the stock is trading 29 percent lower than the IPO price. Since the IPO, Facebook has been trying to convince investors of the growth potential of the company by investing in a series of companies.

By Dan Plettner:Things sometimes get pretty bad before activism appears not only viable but likely at Closed End Funds. An ever-developing picture looks to fit an investing style I study closely: Well Intentioned Closed End Fund Activism.