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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)


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