Private Valuation Blasts Past $100 Billion in Pre-IPO Rally
Private Valuation Blasts Past $100 Billion in Pre-IPO Rally
Posted 02/10/2012 at 7:26am
| by Paul Lilly
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For a period of time yesterday, Facebook's value topped $102 billion when 150,000 of the company's Class B common stock traded at $44 each in a private auction hosted by SharesPost. As of this morning, Facebook shares are trading at $42 each in the private market, valuing the social networking site at a slightly less obscene $97.9 billion.
If Facebook can maintain is high stock price, it would be valued at more than twice what Google was when it went public in 2004, though today the search giant's market capitalization is worth just shy of $200 billion.
Facebook filled out paperwork for a $5 billion IPO last week, and according to Bloomberg, company CEO and co-founder Mark Zuckerberg has been considering a sale that would value the social networking site at $75 billion to $100 billion. By filing for an IPO, Facebook was required to reveal financial records, and according to the company's S-1, it pulled in $3.71 billion last year with net income of $1 billion.
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OCFRED
February 11, 2012 at 1:02pm
Already dumped them, see no value in a company that produces nothing and merely leverages it's contributers.
Papaspud
February 10, 2012 at 12:41pm
Since this is just a "private sale", everybody is in speculation fever mode. After seeing how many companies on the internet have their day and go down, can you say- My Space, Yahoo, and of course "You've got mail", this just seems like another big ball of fluff. A few people are going to get filthy rich, and the rest will get taken to the cleaners.
Or I could be dead wrong and Facebook stays popular forever and makes billions of dollars..........Hmmmm I go with the first one.
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