Facebook stock has reached a new high closing price on SharesPost at $34 per share, according to an email sent by the company that’s reproduced below this post.
That brings the social network’s total implied valuation to a record $85 billion, assuming Facebook still has 2.5 billion shares outstanding — we haven’t seen nor heard anything to the contrary of that.
This news also explains why just a couple of hours ago, rumor had it that one of the original co-founders of Facebook, Eduardo Saverin, sold about $500 million in stock. The numbers don’t pencil out, but we’ve noticed a pattern of rumors circulating right before an official announcement comes out.
The previous high occurred on January 28, in which a SharesPost auction resulted in an implied valuation of $82.9 billion for Facebook.
Stock in Facebook to fetch higher prices on SharesPost than on SecondMarket, possibly due to arbitrage by venture capitalists. Regardless, the shares in the privately held company have a great deal more volatility than any public stock might have.
That said, here’s a copy of the email that SharesPost sent out to members:
We would like to inform you that SharesPost’s affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. on March 18th. A clearing price of $34.00 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.