Facebook shares go out for $44.10 per share

Posted By: Religare
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Facebook shares go out for $44.10 per share
In the last private auction before IPO, Facebook shares go out for $44.10 per share

Before its forthcoming IPO in May, 150000 share units of Facebook Inc. were auctioned on Saturday, 31st March 2012, on SharesPost for USD 44.10 per share.

This price implies total market capitalization of USD 102.8 billion for the social networking company. SharesPost is an online exchange where shares of private companies are traded.

In the earlier auction held in March the share units of Facebook were auctioned for USD 40.50 per share giving it a market capitalization of USD 94.4 billion.

The current auction is likely to be the last private auction for Facebook before its IPO hits the floor in May 2012. The IPO seeking to raise as much as USD 5 billion will be the biggest one by a new age social networking company

Read more about: facebook, ipo
Story first published: Monday, April 2, 2012, 13:36 [IST]
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