Buried on page 93 of Facebook’s Securities and Exchange Commission registration for its $5 billion initial public offering is a very interesting disclosure.
“The Enforcement Division of the Securities and Exchange Commission has been conducting an inquiry into secondary transactions involving the sale of private company securities as well as the number of our stockholders of record,” the disclosure said. “In connection with this inquiry, we have received both formal and informal requests for information from the staff of the SEC and we have been fully cooperating with the staff….
via What everyone missed in Facebook’s IPO filing.–On the Case
Subscribe to Securities Docket by Email
