Facebook employees may soon get a chance to sell up to $1 billion of their shares to institutional investors, sources informed. The share prices are worth $60 billion to the company, trusted sources added.
The world’s largest social network is thinking about the prospective after it has received numerous pitches to acquire the firm’s shares, sources stated.
Mark Zuckerberg’s company only last month received an investment of $1.5 billion giving the company a valuation of $50 billion.
Facebook is playing with the idea of going public around 2012, as the company’s value is ever increasing.
After the rumors of the form going public, investors became more interested in vesting in the stocks of Facebook. This has led to capitalists and ex employees to sell their shares.
At present Facebook has a stringent rule for employees to not sell their sales on private exchanges, which makes it difficult for employees to benefit from the company.
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