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Peter Thiel cashes out investment from Facebook

Peter Thiel, Facebook’s first big investor, has sold off most of his stake.

Thiel is a Facebook investor in 2004. Thiel and his associated investment funds held more than 44 million shares of Facebook when the company went public. He sold off 16.8 million shares in the IPO, netting $640 million.

Thiel took advantage. He and his funds sold off 20 million shares, worth a total of $395.8 million, according to a regulatory filing. The stock sales, made at per-share prices that ranged from $19.27 to $20.69, took Thiel’s total Facebook cash-out to just over $1 billion.

The stock sales represent a near-exit for Thiel, who has now liquidated almost all of his Facebook holdings. He and his funds are still sitting on around 5.6 million shares, worth $112 million at Monday’s closing price.

Current price as of today is $20.01 Which has an IPO price at $38 in May 18, 2012. Shares have been sliced in half, hitting a low of $19.01 in Friday trading (August 17, 2012)

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Some Asian stock markets are closed

August 20, 2012. Stock markets in Indonesia, Malaysia, India, Singapore and the Philippines are closed on Monday for public holidays.

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