Today at noon Pacific Time, Facebook traded for the last time on private markets and closed at its highest price yet, $44.10 per share, giving the company an implied valuation of to $103.635 billion to $110.25 billion.
The former assumes 2.35 billion shares remain outstanding and the latter number is based on 2.5 billion shares outstanding. Since the end of last year, we’ve seen both numbers used for the share count.
The previous high closing price for Facebook shares, $44 apiece, occurred February 9.
The company hasn’t said when the shares might begin trading publicly, nor when an opening price might be set, but earlier this week, SharesPost moved the closing date for this auction back three days and told participants this would be the last auction. The private marketplace said that preparations for going public are the reason for the end in trading.
In a related development, the U.S. Federal Trade Commission expedited approval of a filing by attorneys for Facebook’s Chief Executive Officer Mark Zuckerberg disclosing his exercise of stock options before the company’s initial public offer.
Facebook hasn’t announced a date for its market opening, nor set a price range for the debut, but many speculate the trading might begin in May. And today’s closing price on SharesPost could inform how much the shares start at when the public offer begins.
With so much of SharesPost’s business over the past year or two consisting of Facebook trades, we’re wondering what the private marketplace will do for transaction fees; the site does suggest that deals may come through involving Bloom Energy, Redfin, Chegg, Kno, Truecar, Solarcity, Recyclebank, Etsy, Linden Lab, eHarmony, Eventbrite, Gilt Groupe, Kaya, Esolar, RightScale, Powermat, Twitter and XDC, but none of them have the level of interest that Facebook does.
That said, here’s a copy of the email SharesPost sent out a couple of hours after the auction closed.
AllFacebook edited an image from Shutterstock.