Facebook Shares Opportunity Has Final Clearing Price At $25

For a company that isn't even public yet, there's a lot of action going on in Facebook stock. An announcement by SharesPost puts the final clearing price at $25 for the most recent auction. The sealed bid auction involved 165,000 shares of common stock in the company "for certain qualifying SharesPost members."

For a company that isn’t even public yet, there’s a lot of action going on in Facebook stock. An announcement by SharesPost puts the final clearing price at $25 for the most recent auction. The sealed bid auction involved 165,000 shares of common stock in the company “for certain qualifying SharesPost members.”

According to the announcement, “The response from the SharesPost community to the auction was substantial and the auction was significantly oversubscribed.” Because of this, the company says it anticipates kicking off another Facebook auction on January 10, 2011. The decision will depend upon market dynamics, SharesPost adds.

SharesPost provides a marketplace for trading in certain companies that aren’t public yet, and auctions involving several social media companies have been conducted. This isn’t the first SharesPost auction for Facebook. According to SharesPost, the auctions are held in “leading growth companies, both directly and via pooled investment vehicles” for its “40,000 registered buyers and sellers of private company shares and the issuers of those shares.”

The ability to participate in these auctions is highly restricted to a specific class of high net worth investors.

For a company that isn’t even public yet, there’s a lot of action going on in Facebook stock. An announcement by SharesPost puts the final clearing price at $25 for the most recent auction. The sealed bid auction involved 165,000 shares of common stock in the company “for certain qualifying SharesPost members.”

According to the announcement, “The response from the SharesPost community to the auction was substantial and the auction was significantly oversubscribed.” Because of this, the company says it anticipates kicking off another Facebook auction on January 10, 2011. The decision will depend upon market dynamics, SharesPost adds.

SharesPost provides a marketplace for trading in certain companies that aren’t public yet, and auctions involving several social media companies have been conducted. This isn’t the first SharesPost auction for Facebook. According to SharesPost, the auctions are held in “leading growth companies, both directly and via pooled investment vehicles” for its “40,000 registered buyers and sellers of private company shares and the issuers of those shares.”

The ability to participate in these auctions is highly restricted to a specific class of high net worth investors.