Private Value of Facebook Moving Back Up Ahead of IPO
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Private shares of Facebook are moving back up ahead of an anticipated IPO filing, expected by year end.
SharesPost completed an auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. on December 9th at a clearing price of $33 per share.
The latest sale is a reversal from the previous trend which showed shares of the social media giant moving lower in the private market: an auction of 75,000 shares cleared at $30 per share on November 16th, an auction of 70,000 shares cleared at $32 on October 26th, and an auction of 100,000 shares cleared at $33 on August 16th.
The December 9th sale puts an implied valuation of $77.7 billion on Facebook, according to SharesPost. This would be a discount from the $100 billion valuation being discussed publicly. However, Facebook would likely look to raise about $10 billion in the IPO, which would dilute current holders and explain part of the discrepancy.
SharesPost completed an auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. on December 9th at a clearing price of $33 per share.
The latest sale is a reversal from the previous trend which showed shares of the social media giant moving lower in the private market: an auction of 75,000 shares cleared at $30 per share on November 16th, an auction of 70,000 shares cleared at $32 on October 26th, and an auction of 100,000 shares cleared at $33 on August 16th.
The December 9th sale puts an implied valuation of $77.7 billion on Facebook, according to SharesPost. This would be a discount from the $100 billion valuation being discussed publicly. However, Facebook would likely look to raise about $10 billion in the IPO, which would dilute current holders and explain part of the discrepancy.
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