Facebook's Value Rebounds 9% In SharesPost Auction
Facebook shares rose about nine percent in value in the last auction on SharesPost, to close at $33 apiece on Friday, compared to a previous $30. The stock has recaptured some of the value lost since peaking at $87.5 billion in July.
Facebook shares rose about nine percent in value in the last auction on SharesPost, to close at $33 apiece on Friday, compared to a previous $30.
If the company still had 2.5 billion outstanding shares like we’d assumed, that would put Facebook’s valuation at $82.5 billion. However, SharesPost says lists an implied value of $77.7 billion that means either the private marketplace miscalculated or the number of outstanding shares is just over 2.35 billion.
Quite possibly the entirely unconfirmed rumors of an initial public offering explain for the nine percent rise in the price, but so would the change in the number of outstanding shares.
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