Facebook Shares Fall, Valuing Company At $82.52 Billion

Facebook shares have cooled off, valuing the company at $82.52 billion, down from the record high of $87.5 billion.

An auction of Facebook shares ended yesterday with a closing price of $33.01 on SharesPost. That makes the social network worth $82.52 billion, assuming the total outstanding shares still equal 2.5 billion.

Usually auctions of the stock on private marketplaces occur on a monthly basis, but the last Facebook share sale was less than two weeks ago, on May 27, when the shares closed at $35 apiece, for a $87.5 billion value.

This is not the first time the shares have fallen in value, and like the last time they dropped, this appears to be a cooling off after a rally. Shares had surged in the last auction, which reflected rumors about an initial public offering — talk that has since been disproven — and the successful initial public offering of LinkedIn.

It’s possible that the drop in price has more to do with the change in timing of the auctions than anything else. Nonetheless, here’s a copy of the email that SharesPost sent out about the auction:

Hello Jackie,

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 280,000 shares of the Class B Common Stock of Facebook, Inc. yesterday, June 6th. A clearing price of $33.01 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.