The reason why is pretty simple.
These private investors also figure that Facebook will follow a pattern set by recent tech IPOs and that its stock will pop like crazy during its first few weeks on the market.
Presumably, some of these investors also believe in Facebook’s long-term prospects – its ability to grow its already multi-billion dollar profits and revenues at a pace close to the one set in its early years.
One man – one analyst – thinks they are wrong.
Meet PrivCo CEO Sam Hamadeh, Facebook bear.