Thomas Belesis, the Greek-American CEO of John Thomas Financial, talks about Facebook IPO and the future of the company’s public performance.
John Thomas Financial had previously bought a stake of about $47 million in Facebook shares and they plan to buy more.
On the day of the IPO on Wall Street, Belesis was very optimistic about Facebook.
“Facebook has yet to monetize its biggest asset, which is commerce. I think investors will be very happy over the long term,” said the Greek-American, who lately has become a key Wall Street player.
Mike Norman, JTF’s chief economist seemed to agree with the positive outlook of the shares. Watch the full video interview below:
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The performance of Facebook on it’s first day as a public company fell short of the great expectations of Wall Street and Silicon Valley, and raised questions about whether the company’s stock will be the sure bet as was described by many key financial players.
The shares closed at $38.23, barely above the $38 IPO price.
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