According to the broker release, the Facebook shares will keep prices in Bucharest at a level close to the Nasdaq market. However, investors will always find the counterpart to the sale and the purchase of shares. Brokerage house announced in August that it planned to bring Facebook on the alternative securities trading on the BSE. In May this year, Facebook run a public offer (IPO) as one of the largest undertaken in the technology sector and that has been perceived as a failure. In the first 4 months since it went public on stock exchange, Facebook share price fell sharply, from USD 38 to about USD 18.
Subsequently, the shares have started to recover from severe loss recorded in the first months and at the beginning of September, the price had risen about 38 percent and reached USD 26.36 last week. Still, the price is 30 percent below the listing price.
Tradeville brokerage house brought the majority of shares of foreign companies traded on the alternative system of BSE, including Apple, Google, Siemens, BMW and OMV.
