Facebook falls in SharesPost trading

June 7, 2011

The latest auction in Facebook stock on SharesPost closed on June 6, 2011, according to SocialTimes. The company’s price slipped to $33.01 a share, down from its previous high of $35. Trading volume was much higher, though, surging to 280,000 in this auction. Only 100,000 shares changed hands in the May 26, 2011 auction.

Source: SocialTimes, syndicated from IR magazine


Facebook hits new high on SharesPost

June 1, 2011

Private company trading platform SharesPost released the results of its latest Facebook auction last week. In something of a rebound from April, when the price fell to $32 from a March price of $34, the hot social media company’s shares have risen to $35. According to an email from SharesPost, the deal size reached at the May 26, 2011 auction was $3.5 mn, when 100,000 shares were traded.

The timing is certainly interesting: it’s the first SharesPost auction of Facebook shares following the successful LinkedIn IPO.

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SEC Likely to Bar Future Facebook-Style Transactions

March 28, 2011

Do you think the Goldman Sachs/Facebook deal was too good to be true? Let’s face it: finding a way to give your best investors $1.5 billion in access to the hottest pre-IPO company in the market is pretty amazing. And since “too good to be true” is usually followed by “not for long,” the SEC is already taking a look at whether the disclosure rules for privately held firms need to be rewritten, according to the Wall Street Journal.

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Are Goldman Sachs and Facebook Trying to Sidestep Securities Regs?

March 28, 2011

It’s a sweetheart deal, really. Goldman Sachs is said to be raising $1.5 billion for Facebook, the NY Times reports, by creating a vehicle in which select high-net-worth investors can participate. This accompanies a $450 million investment by Goldman Sachs and $50 million from previous investor Digital Sky Technologies.

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