Facebook's value rose to $123bn in grey trading yesterday as it prepares for a $5bn float later this year.
Facebook's long-anticipated initial public offering will see it look to raise $5bn in a listing expected to value the company at up to $100bn.
BlueCrest Capital is to list a feeder fund for its BlueTrend strategy, a systematic fund that trades across 150 global markets, on the London Stock Exchange this March.
Social networking giant Facebook is set to begin the process of becoming a publicly listed company this week, with reported valuations of between $75bn (£48bn) and $100bn dwarfing Google's $1.9bn IPO in 2004.
Groupon, the online coupon group, raised $700m in its highly anticipated initial public offering on Thursday night, with the pricing at $20 a share valuing the group at $12.65bn.
Managers have attacked the UK initial public offering (IPO) market, branding it as ‘broken', ‘dysfunctional' and ‘dead', following a summer of delays and cancellations.