So I noticed that GSVC is down 20% into the $15 range as they priced the follow-on offering at $15.00/share. The stock is trading now around $15.80/share, down from $19.50 yesterday. Why did they price this so low below the closing price? The registration statement had an assumed price of $18.75 or something like that,…
Tag: GSVC
GSVC: Facebook Play Update
Last year I took a quick look at GSV Capital Corp (see here) as it was a play on Facebook. Now that the Facebook IPO is right in front of us, I thought I should take a look at this thing again and update some figures. Since the end of the September 2011 quarter, GSV…
GSV Capital: Exposure to Facebook?
GSV Capital (GSVC) is a stock that made headlines this past June when it bought a stake in Facebook that valued all of Facebook at $70 billion. For reference, Microsoft bought a stake back in October 2007 at a price that valued Facebook at $15 billion and Goldman Sachs invested (with clients) in January or…