Final Pre-IPO Facebook (FB) Auction Yields Valuation of $103 Billion - StreetInsider.com (subscription) (blog)

fb - Google News Google News

Final Pre-IPO Facebook (FB) Auction Yields Valuation of $103 Billion - StreetInsider.com (subscription) (blog) Apr 2nd 2012, 12:08 FREE Breaking News Alerts from StreetInsider.com! April 2, 2012 8:04 AM EDT It what will likely be the final pre-IPO auction of Facebook (NYSE: FB) (Nasdaq: FB) shares, SharesPost announced on Friday, March 30 that is completed the auction of 150,000 units at $44.10. The recent auction values the company at approx. $103 billion, according to the site. SharesPost announced last week, at the Facebook's request, that it would will cease facilitating transactions in Facebook stock to help ensure the company's orderly transition into the public markets. The secondary exchange announced that more than 1,100 institutions and individuals participated in their Facebook auctions, resulting in total share and unit sales of more than $425,000,000. This makes SharesPost the most active auction platform for Facebook shares, according to the exchange. Facebook is looking to raise $5 billion an IPO expected to launch in May. Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL! You May Also Be Interested In Create E-mail Alert Related Categories IPOs, Insiders' Blog Related Entities Facebook Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions