For three auctions in a row, Facebook shares have closed at $35 apiece on SharesPost, for an $87.5 billion valuation of the social network.
That assumes Facebook still has 2.5 billion outstanding shares.
We haven’t seen nor heard of any other transactions in Facebook stock over the course of time in which the three SharesPost auctions in a row have closed at $35. So, the $87.5 billion value has held since May 27.
For a stock that has previously been highly volatile, remaining at the same value is pretty novel. It certainly suggests maturation and stability, if nothing else.
Below is a copy of the email that SharesPost sent out regarding the auction of 150,000 shares that closed yesterday. Please let us know beneath this post what you think about the stabilization of Facebook’s value.
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 150,000 shares of the Class B Common Stock of Facebook, Inc. yesterday, July 19th. 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.