A former GE Capital associate with a fuchsia handgun on his $185 lilac tie gave out his business card near a Danish man twirling a Turkish woman. An American International Group Inc. employee left out his firm’s name when he said he works in risk.
SecondMarket Inc., the private shares marketplace, will make up for the volume it loses when Facebook Inc. goes public by adding to the companies whose shares it handles, Chief Executive Officer Barry Silbert said.
A seven-year-old firm with a 35-year old chief executive and tiny Washington budget has helped pull off a lobbying victory that’s eluded most of the largest players on Capitol Hill: passing legislation with a bipartisan vote.
The U.S. Securities and Exchange Commission is studying whether growth of closely held companies is being hindered by limits on the number of shareholders they can have, SEC Chairman Mary Schapiro told lawmakers today.
Shareholders of Facebook Inc., the social-networking site preparing an initial public offering, are facing a three-day suspension of trading on secondary markets this week, people with knowledge of the matter said.
SecondMarket Inc., the marketplace for stock of private companies such as Facebook Inc. and Twitter Inc., fired 10 percent of its employees today ahead of Facebook’s anticipated initial public offering this year, the company said.