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.
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.