Latest Facebook Transactions Place Value Between $70-$80 Billion (GSVC)
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GSV Capital Corp (Nasdaq: GSVC) disclosed Monday it recently bought 225,000 shares of still privately-held Facebook at an average price of $29.28 per share, which is giving investors an up-to-date valuation of the social-networking powerhouse.
Based on Sharespost's estimated 2.35 billion shares of Facebook outstanding, the price GSV Capital paid per share is putting a valuation of Facebook at roughly $70 billion. This valuation would place Facebook roughly in-line with that of HP (NYSE: HPQ).
Sharespost recently ran its own auction of 100,000 Facebook shares, priced at $35. Based on this price, the valuation of Facebook is $82 billion. This valuation would place Facebook roughly in-line with Cisco (Nasdaq: CSCO) and Amazon.com (Nasdaq: AMZN).
Google (Nasdaq: GOOG) sits at a valuation nearly double this at $154 billion and Apple (Nasdaq: AAPL) has a valuation of $306 billion.
The long-awaited IPO of Facebook is expected in 2012, although no specifics have been given and the company could still decide to delay the IPO further.
Monday's Facebook share transaction news has been a boon for GSV Capital, which has seen its own stock rise 22 percent in value to $12.60 per share.
Based on Sharespost's estimated 2.35 billion shares of Facebook outstanding, the price GSV Capital paid per share is putting a valuation of Facebook at roughly $70 billion. This valuation would place Facebook roughly in-line with that of HP (NYSE: HPQ).
Sharespost recently ran its own auction of 100,000 Facebook shares, priced at $35. Based on this price, the valuation of Facebook is $82 billion. This valuation would place Facebook roughly in-line with Cisco (Nasdaq: CSCO) and Amazon.com (Nasdaq: AMZN).
Google (Nasdaq: GOOG) sits at a valuation nearly double this at $154 billion and Apple (Nasdaq: AAPL) has a valuation of $306 billion.
The long-awaited IPO of Facebook is expected in 2012, although no specifics have been given and the company could still decide to delay the IPO further.
Monday's Facebook share transaction news has been a boon for GSV Capital, which has seen its own stock rise 22 percent in value to $12.60 per share.
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