This week Facebook told the secondary market traders that they need to stop trading securities in Facebook.com in the run up to its May IPO
Today Sharespost.com just closed it last offering of Facebook shares and the selling price was $44.10 a share
At $44 a share the market cap of Facebook is around $110 Billion dollars which is I think more than the market cap expected by Facebook itself who was looking to sell shares giving it a $100 Billion valuation when it’s IPO hits in May.
We started following Facebook’s trading on Secondmarket.com back in January 2010 when shares were trading in the high 20’s but the stock split 5:1 in October 2010
So if you followed TheDomains.com for a while you could have bought shares of Facebook back in January 2010, for around $28 a share and sold them today for $44 and still had 4x the numbers of shares for free!!
After the final auction today, Sharespost.com, announced they were laying off 10% of their workforce because they couldn’t sell shares in Facebook anymore.
Michael and others:
What do you think the final price will be after day one of trading on FB?
Well its a great question
Google IPO was at $85 and opened at $100 stuck around there for a while.
I think the HUGE money was made pre-spilt
No doubt shares will pop 25% or more on the 1st day maybe 50%.
All these secondary offerings are restricted shares which should discount the valuation.
If you can get some free trading shares on the IPO I would get as many as you can.
Remember Demand shares went from $17 to $24 on the 1st day and Linkedin.com shares were flying into the $120 range on opening day.
All the restricted shares were locked up
We’ve loaded up on plenty of FB shares over the last 2 years.
in the $40b, $60B and $80B valuation levels.
congrats to everyone that picked up pre ipo FB shares!
Garbage site
nowhere but down
MySpace at its height was only worth 500million.
And look where it is at now.
Congrats to all who bought in early enough and to all those who will know when to dump it!
It is all hype…once facebook starts spewing out lots of garbage ads or servers go down, then …back to like myspace.
Pressure from stockholders.
This is why Jews have gotten historically bad rap from
made off to ny bankers
Occupy wall street stems straight out of zucky’s ass.
A lot of old folks retirement fund going down the drain.
FB may reach $150B value and 1B users by the end of 2012