Shares of Facebook cleared $25 a share in a recent sealed-bid auction, bumping the value of the social networking giant to $56.7 billion, according to an email alert distributed Friday by SharesPost, which facilities stock sales in privately held companies as a secondary exchange.
During the auction, which was oversubscribed, 165,000 shares were made available – generating $4.1 million for the…
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Facebook Shares Clear $25 in SharesPost Auction originally appeared on DailyFinance on Fri, 17 Dec 2010 14:49:00.
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