'Awesome?' Facebook Valuation Remains $87.5 Billion
With bidding on Facebook shares beginning around when the press learned of a product announcement, it's interesting that the latest private stock auction resulted in the same valuation for the company as last time.
Facebook retains its $87.5 billion valuation, based on the outcome of yesterday’s auction of 150,000 shares at $35 apiece on SharesPost.
We’re assuming that Facebook still has 2.5 billion outstanding shares, and that this latest SharesPost auction would have taken about a week from start to finish.
It’s certainly interesting that the bidding began around when Facebook Chief Executive Officer Mark Zuckerberg first told reporters that the company would make an “awesome” product announcement.
Usually, a product announcement motivates investors to trade up the value of a particular stock, or if there’s anything negative associated with the news, trading would move the price down.
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