The latest private-market transaction in Facebook holdings on SharesPost priced 100,000 shares at $32.00 apiece, which gives the company a total impled value of $80 billion.
This auction resulted in the third-highest closing price for Facebook shares. The record high of $34 per share in January, also occurred SharesPost, as did the second-greatest trade, $33 in March.
Some might consider the last few auctions as signs that the shares have cooled off from greater volatility at the beginning of the year, when they rallied in reaction to the Goldman Sachs-led investment in Facebook at an implied valuation of $50 billion early January. But even the cooling off rate, compared to the overall value, still shows a lot more movement than what one might see in the stock of a publicly-held company.
Below you’ll see a copy of the email we received from SharesPost. Please let us know in the comments section what you think of the latest valuation of the company.
We are writing SharesPost members like you who indicated they would like to occasionally receive news from SharesPost.
We would like to inform you that SharesPost’s affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. on April 13th. The response of the SharesPost community to the auction was substantial and the auction was significantly oversubscribed. A clearing price of $32.00 was established at the auction. Members submitting Qualifying Bids at or above the clearing price will be contacted shortly with instructions on next steps for completing this transaction.
SharesPost members who wish to be informed of and be eligible to participate in future auctions of private company securities must first be qualified by our affiliated broker-dealer as an accredited investor under the securities laws. To get qualified, please click on the green button below. We look forward to serving you at SharesPost in the future.
Though the Company has been formed to purchase shares of Facebook and other private companies, Facebook is not affiliated with the Company, the Manager or the auction of membership interests. See these legal notices at SharesPost.
For questions appropriate to the auction’s sponsor, Emerson Equity, LLC (“Emerson”), member FINRA and SPIC, please contact Emerson at 155 Bovet Road, Suite 725, San Mateo, CA 94402 or call Emerson at (650) 312-0202.