Facebook Investors Brace for Share Flood

The biggest lockup ends, almost doubling total of shares available to be traded.

Facebook Inc. investors, already grappling with concerns about the company’s growth prospects, are bracing for the biggest increase in the number of shares free for trading since the company went public in May.

Restrictions lift today on 804 million shares held by former employees and those who sold at the initial public offering, almost doubling the total available for trading, according to a regulatory filing. The bans on sales are put in place to prevent shares from flooding the market immediately after an initial public offering. Restrictions lifted on smaller numbers of shares in August and October.

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