Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 percent […]
Tag: JPMorgan
JPMorgan to Close More Funds
JPMorgan Asset Management, a unit of JPMorgan Chase & Co. (JPM), plans to close another 100 funds out of its existing 650 funds, according to a Financial Times report. The closure will comprise 15% of its active funds across Asia and the U.S. As part of the recent plans, JPMF […]
Twitter poised to make IPO filing public
Twitter has hired several banks to help underwrite its IPO, persuaded some of those firms to provide a credit line and plans to make its prospectus public in early October, sources say. The Twitter IPO may be closer than you think. The social-media giant has hired several banks for the […]
