Facebook ends the year at an implied valuation of about $75.2 billion, almost seven percent lower than the peak high of $82.5 billion reached during the summer.
Stock in the company closed at $32 apiece in a SharesPost auction yesterday, down from $33 apiece in the previous transaction earlier this month.
The social network’s implied value would be even lower had the number of shares outstanding not gone down sometime toward the end of the year.
Now we know of 2.35 billion shares outstanding, but prior to the last auction we’d known of 2.5 billion shares outstanding.
Facebook most likely bought back those shares to prop up the value of the company’s stock, a move that seemed to work at first, since the previous auction had closed up. Whenever the next auction closes, we’ll be sure to take a look at the outstanding share tally.
Below is a copy of what SharesPost sent out to members about the latest auction. Let us know in the comments section what you think the last transaction of the year might mean for Facebook’s share value going into 2012.
We are writing SharesPost members like you who indicated they would like to occasionally receive news from SharesPost.
SharesPost’s affiliated broker-dealer completed its auction of 150,000 shares of the Class B Common Stock of Facebook, Inc. on December 21st. A clearing price of $32.00 per share 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. The auctioned shares will be held in a specially designated investment vehicle managed by a wholly-owned affiliate of SharesPost.
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.
Image courtesy of Shutterstock.