An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
Some of Our Sources
- Mashable
- Techcrunch
- Pearsonified
- Spoon Graphics
- Abduzeedo
- Vandelay Design
- FanExtra - PSD
- Fudge Graphics
- Reencoded
- Willems Lab
Help Webnuz
Referal links:
June 27, 2011 07:16 pm GMT
Everyone is trying to get pre-IPO Facebook shares any way they can. Some investors purchase shares on secondary markets like SecondMarket and SharesPost. Others broker private sales. Today, GSV Capital, a publicly traded investment management company, announced that it has purchased a small number of shares (225,000) at a price ($29.28) which would give Facebook an implied $70 billion valuation.Although GSV Capital doesn't say, this most likely was a private sale. Facebook passed $70 billion on the secondary markets in January, and hit $85 billion in March. It's such a small number of shares and a single trade, so you can't make any generalizations about the implied market valuation of Facebook. What's more interesting is what the trade did for GSV's stock. It is trading up 21 percent this morning at $12.45. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/v4-bI_Z2A34/
GSV Capital Buys Facebook Stock At $70 Billion Valuation; Its Own Stock Pops 21 Percent
Everyone is trying to get pre-IPO Facebook shares any way they can. Some investors purchase shares on secondary markets like SecondMarket and SharesPost. Others broker private sales. Today, GSV Capital, a publicly traded investment management company, announced that it has purchased a small number of shares (225,000) at a price ($29.28) which would give Facebook an implied $70 billion valuation.Although GSV Capital doesn't say, this most likely was a private sale. Facebook passed $70 billion on the secondary markets in January, and hit $85 billion in March. It's such a small number of shares and a single trade, so you can't make any generalizations about the implied market valuation of Facebook. What's more interesting is what the trade did for GSV's stock. It is trading up 21 percent this morning at $12.45. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/v4-bI_Z2A34/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch