Facebook Value Tops $100 Billion Based on Private Market
February 9th, 2012Via: Bloomberg:
Facebook Inc. (FB)’s privately traded shares have risen 10 percent since the dominant social network filed for an initial public offering, pushing its market value past $100 billion, according to SharesPost Inc.
SharesPost managed the auction of 150,000 shares of Facebook’s Class B common stock at a clearing price of $44, compared with $40 Feb. 2, according to a statement from the private-stock marketplace yesterday. That values Facebook at $102.6 billion based on an estimated 2.33 billion shares, including stock tied to options that may be issued later.
That valuation would place Facebook higher than PepsiCo Inc. (PEP), the snackmaker that traces its roots back more than a century, and Citigroup Inc., the third-biggest U.S. bank by assets.
