Facebook shares can be traded on the Bucharest stock exchange, says BVB president

Newsroom 12/12/2011 | 17:12

The Facebook shares can be traded on the Bucharest Stock Exchange, on the alternative trading system, after the social networks is listed on the American stock exchange, according to Stere Farmache, the president of the Bucharest Stock Exchange (BVB).

Facebook is inching closer to an initial public offering (IPO) that it hopes will value the company at more than USD 100 billion, according to The Wall-Street Journal.

This would be one of the largest offerings ever- in a deal that might assign Facebook a USD 100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard Co. and 3M Co, says the financial newspaper.

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“Facebook could be a good opportunity to list in Bucharest on the alternative trading system of the Bucharest stock exchange, the international section,” said the BVB president.

An investor in Romania will be able to trade the Facebook shares on the stock exchange with lower costs than if they accesed directly the U.S. market.

“The investor will trade in Romania foreign shares like they would trade any other shares, so no effort or any type of adaptation is needed,” said Farmache.