Facebook (FB) Valuation Jumps to $102.6 Billion
Down)
The price of Facebook (NYSE: FB) (NASDAQ: FB) private shares continue to climb following the company's recent IPO filing.
SharesPost completed its latest auction of 150,000 shares of the Class B Common Stock of Facebook, Inc. on February 8, 2012 at a clearing price of $44.00 per share. This puts an implied valuation of $102.61 billion for Facebook.
The latest SharesPost clearing price of $44 per share is above the $42 per share clearing price from February 3.
This shows that pre-IPO demand for the social media juggernaut is high and these early investors see the valuation of the company exceeding $100 billion to open on the public market.
Facebook's filed its IPO on February 1st and is looking to raise $5 billion. It could take a few months before the IPO hits the market.
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SharesPost completed its latest auction of 150,000 shares of the Class B Common Stock of Facebook, Inc. on February 8, 2012 at a clearing price of $44.00 per share. This puts an implied valuation of $102.61 billion for Facebook.
The latest SharesPost clearing price of $44 per share is above the $42 per share clearing price from February 3.
This shows that pre-IPO demand for the social media juggernaut is high and these early investors see the valuation of the company exceeding $100 billion to open on the public market.
Facebook's filed its IPO on February 1st and is looking to raise $5 billion. It could take a few months before the IPO hits the market.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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