T.Rowe to Make Out Big On Facebook Investment

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Courtesy of Citybizlist — As Facebook filed its IPO registration statement Wednesday, looking to raise up to $5 billion, the social networking giant unveiled its investors.

T. Rowe Price is one of four 5-percent investors in Facebook, along with Accel Partners, DST Global Limited, and Goldman Sachs.

The Baltimore-based money manager holds 6.03 million shares of class A common stock spread among 81 funds and separate and/or subadvised accounts, as well as 12.16 million shares class B common stock in 77 funds and accounts.

A report from cnbc.com indicates that “19 of [T. Rowe Price’s] mutual funds are holding private investments in Facebook worth a total $408 million, as of Dec. 31. Of the 19 funds, only one has more than one percent of its holdings in shares of Facebook: T. Rowe’s Media & Telecommunications Fund.”

Last March, DealBook reported that the value of T. Rowe Price’s investments totaled a then $190.5 million.

Read more at Citybizlist



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