31 Mar '12, 5am

Facebook's value rises 8.9 per cent to S$129b

SAN FRANCISCO - Facebook implied valued rose 8.9 per cent to US$102.8 billion (S$129 billion) in what is expected to be the last auction of its stock on SharesPost Inc.'s exchange before the social-networking company's initial public offering. SharesPost completed the auction today at a price of US$44.10 for 150,000 units, the firm said in an e-mailed statement. The figure is up from an auction earlier this month with a price of US$40.50 a share, valuing the company at US$94.4 billion, based on a share count of 2.33 billion. Facebook, the world's most popular social-networking service, filed for an IPO last month that could value the company at between US$75 billion and US$100 billion, people familiar with the matter have said. The company, which has more than 845 million users, is seeking US$5 billion in what would be the largest Internet IPO on record. Facebook decided t...

Full article: http://www.todayonline.com/Business/EDC120331-0000095/Fac...

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This domain name (RETRORICHMOND.COM ) without content is available for sale by its owner through Sedo's Domain Marketplace.

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