Facebook Rebounds To $87.5 Billion Record High Value

Facebook's value has rebounded to the previous record high of $87.5 billion, based on the latest SharesPost auction.

Facebook’s value has rebounded to the previous record high of $87.5 billion, based on the latest SharesPost auction.

Yesterday, 100,000 shares of Facebook sold at a price of $35 per share. We’re assuming that the company still has 2.5 billion outstanding shares.

SharesPost is sustaining the increased frequency of Facebook share auctions we’d noticed after the last deal closed June 6. We don’t know whether this pace means more employees want to sell their stock or investors want to flip their holdings.

Clearly there’s plenty of demand among buyers and sellers alike, and the former would explain why the stock price rebounded to the previous high.

Here’s a copy of the email that SharesPost sent out about the transaction — let us know in the comments section beneath this post whether you agree with the $87.5 billion valuation of Facebook:

Hello Jackie,

We are writing SharesPost members like you who indicated they would like to occasionally receive news from SharesPost.

We would like to inform you that SharesPost’s affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. yesterday, June 22nd. A clearing price of $35.00 was established at the auction. Members submitting Qualifying Bids at or above the clearing price will be contacted shortly with instructions on next steps for completing this transaction.

SharesPost members who wish to be informed of and be eligible to participate in future auctions of private company securities must first be qualified by our affiliated broker-dealer as an accredited investor under the securities laws. To get qualified, please click on the green button below. We look forward to serving you at SharesPost in the future.