The Wall Street Journal’s Shayndi Raice and Randall Smith this afternoon report that Facebook may file for an initial public offering as soon as next Wednesday, valuing the company in a range of $75 billion to $100 billion, citing multiple anonymous sources.
The news comes two days after reports that private trading in shares of Facebook were being suspended.
A source I spoke with earlier this week with one investor owns private shares of Facebook opined that the valuation will likely be in the $40 range, above recent private trades at around $30. That would push the valuation toward the upper end of the range Raice and Smith are discussing. Indeed this source opined that the valuation out of the chute would probably be around $100 billion.
I would note that SharesPost of late has displayed recent transactions for Facebook at a price of $34, and states that the implied market value is $80 billion.
No comments:
Post a Comment