Facebook worth $102.8 billion on final stock auction before IPO
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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.
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