GSV Capital (GSVC) Shares Move Higher Leading Up to Facebook (FB) IPO
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GSV Capital Corp. (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC) are having a mixed week as the IPO for Facebook (Nasdaq: FB) nears.
Though the Street was largely taken aback following the announcement Facebook would acquire photo-filtering and sharing giant Instagram in a $1 billion deal, GSV shares are up 7.4 percent while shares of Firsthand are about flat since the close last Friday.
Reports from the media Tuesday suggested Facebook's bankers are looking to shop the IPO starting early in May, with the offering commencing possibly on May 16th or 17th.
Trading of Facebook shares on the secondary markets ended in late March.
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Though the Street was largely taken aback following the announcement Facebook would acquire photo-filtering and sharing giant Instagram in a $1 billion deal, GSV shares are up 7.4 percent while shares of Firsthand are about flat since the close last Friday.
Reports from the media Tuesday suggested Facebook's bankers are looking to shop the IPO starting early in May, with the offering commencing possibly on May 16th or 17th.
Trading of Facebook shares on the secondary markets ended in late March.
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