Search: Look for:   Last 1 Month   Last 6 Months   All time

Facebook valued at $102.8 bln in last stock auction before IPO

Washington , Sat, 31 Mar 2012 ANI

Washington, Mar 31 (ANI): Facebook has been valued at 102.8 billion dollars in the last auction of its stock before the social-networking company's Initial Public Offering (IPO).

The value on SharesPost was more than seven billion dollars beyond what the company was valued at the start of Friday, with its stock price climbing from 41dollars to 44.10 dollars a share.

The trading on the secondary market is the last time Facebook's stock will change hands before the company's IPO in early May, The Los Angeles Times reports.

The 3.10 dollar-per-share increase means the 120 million Facebook shares the website's founder Mark Zuckerberg purchased at 6 cents a share have already increased their value and are now worth nearly 5.3 billion dollars.

According to a SharesPost spokesman, over 425 million dollars in share and unit sales took place in today's Facebook stock auction. (ANI)

Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.