Facebook worth $102.8 billion on final stock auction before IPO - Los Angeles Times

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Facebook worth $102.8 billion on final stock auction before IPO - Los Angeles Times Mar 30th 2012, 22:45 By Salvador Rodriguez 3:43 PM PDT, March 30, 2012 Facebook came out valued at $102.8 billion after its final stock auction on the secondary market. That's more than $7 billion beyond what the company was valued at the start of Friday, with its stock price climbing from $41 to $44.10 a share. The trading on SharesPost, a secondary market, is the last time Facebook's stock will change hands before the company's IPO in early May. The $3.10-per-share increase means the 120 million Facebook shares Mark Zuckerberg purchased this morning at 6 cents a share have already increased their value and are now worth nearly $5.3 billion. More than $425 million in share and unit sales took place in today's Facebook stock auction, according to an email from a SharesPost spokesman. RELATED: Facebook's Mark Zuckerberg visits Japan Facebook's Mark Zuckerberg just got $4.8 billion richer? Facebook CEO Mark Zuckerberg spotted on vacation in China Follow Salvador Rodriguez on Facebook or Twitter Copyright © 2012, Los Angeles Times 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.

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