Friday, May 18, 2012

Facebook’s Value Jumped 13-Fold in Private Trading Before IPO

Facebook Inc. (FB)’s value jumped 13-fold in private trading in the four years before its initial public offering yesterday, based on data from SecondMarket Inc.

Trading starting in April 2008 valued the company at $8.1 billion, SecondMarket said today in a statement. That value surged to $106.8 billion as of this April, the month that the private-stock marketplace stopped holding auctions.

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