Facebook Shares Only Gain 1.2% Since Last Week

Samedi, 04 Décembre 2010 09:49

Facebook Shares Only Gain 1.2% Since Last Week

E-mail

Rate this item

(0 Votes)

Ok, I flat out love these auctions that SecondMarket are holding for privately held Facebook shares. Last week the first one closed, and $40 million of stock changed hands at $20.76 per share, valuing the company at roughly $50 billion.

This week’s auction has now closed. Only 475,000 shares moved, compared to

1.9 million last week. The auction closing price edged up 1.2% to $21.01, about $10 million worth of stock total.

Stay tuned for next week’s auction. What do you think the closing price will be? Closest guess gets a TechCrunch tshirt.

Here’s the email to SecondMarket participants:

Thank you to those who participated in this week’s Facebook auction. The auction was again successful and fully cleared at a per share price of $21.01. Next week, the reserve price will be $21.50, and we will continue to require a minimum sale and minimum purchase of 25,000 shares.

If you own shares that you are eligible to sell and wish to participate as a seller, please complete the attached Seller Information Sheet and submit it to SecondMarket at Cette adresse email est protégée contre les robots des spammeurs, vous devez activer Javascript pour la voir. by Monday, December 6 at 11:59 PM EST.

If you would like to participate as a buyer, please complete the attached Buyer Information Sheet and submit it to SecondMarket at Cette adresse email est protégée contre les robots des spammeurs, vous devez activer Javascript pour la voir. by Wednesday, December 8 at 12:00 PM EST.

Please see below for detailed results on previous auctions and for this week’s auction calendar:

Previous Auction Results:

Total Shares Cleared to Date: 2,371,265

November 22, 2010:

Total Number of Shares Offered for Sale: 1,896,265

Number of Shares Cleared in Auction: 1,896,265

Reserve Price: $20.60

Clearing Price: $20.76

November 29, 2010:

Total Number of Shares Offered for Sale: 475,000

Number of Shares Cleared in Auction: 475,000

Reserve Price: $20.60

Clearing Price: $21.01

Next Week’s Auction Timeline:

· Monday, December 6 at 10:00 AM EST – Auction process commences

· Monday, December 6 at 11:59 PM EST – Seller order forms due

· Tuesday, December 7 at 9:00 AM EST – Buyers informed of share quantity available

· Wednesday, December 8 at 12:00 PM EST – Buyer order forms due

· Wednesday, December 8 at 5:00 PM EST – Participants informed of auction results

· Wednesday, December 8 at 8:00 PM EST – Transaction documentation distributed to buyers and sellers

· Friday, December 10 at 4:00 PM EST – Completed transaction documentation due from buyers and sellers

· Friday, December 10 at 7:00 PM EST – Notice to be sent to Facebook, Inc.

Please contact Cette adresse email est protégée contre les robots des spammeurs, vous devez activer Javascript pour la voir. or 212-668-5183 if you have any questions.