We Now Know Facebook Is Worth 200 BillionMay 20, 2011 8:01 am
Here is some solid proof that Facebook will trade upwards of 200 Billion as and when it goes public – LinkedIn, which closed at more than double its list price on the first day, is now worth a cool 9 Billion – and it was trading most recently for 35 dollars on SecondMarket. We all know Facebook is valued at anywhere between 70 and 90 Billion dollar valuation on these pre IPO markets – simple, dumb mathematics would prove that Facebook is now worth, northwards of 200 Billion USD.
“After opening to $83 per share and a market cap of $7.8 million, LinkedIn closed at $93.86 per share, giving the company a valuation of $8.9 billion. Although the professional social network priced at $45 per share, trading started at $83 (up 84 percent) and reached as high as $122.70 and as low as $80.”
“This morning SecondMarket, which usually doesn’t disclose much in the way of details of its business, published LinkedIn pricing dating back to April 2010. LinkedIn most recently traded for $35 on SecondMarket in March. It was one of the most actively traded companies on SecondMarket, accounting for 7 percent of transactions in the fourth quarter of 2010.”