Facebook Insiders Drive Up Company's Value Before IPO
Facebook's roughly $100 billion value seems like that of a publicly traded company, due to private marketplaces where early investors are cashing out in weekly auctions.
Facebook’s roughly $100 billion value seems like that of a publicly traded company, due to private marketplaces where early investors are cashing out in weekly auctions.
The latest auction of Facebook stock saw prices as high as $44 per share but closed at $42 apiece on SharesPost yesterday, giving the social network an implied value of $98.7 billion to $105 billion, the former based on 2.35 billion shares outstanding and the latter and on 2.5 billion shares.
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