An auction of Facebook shares yesterday ended with a closing price of $35.00 on SharesPost. That closing price renders an implied valuation of $84 billion, assuming there are 2.4 billion shares still outstanding.
That's an increase from the last SharesPost auction which valued the social network at $82.5 billion just two weeks ago. Shares hit the $35 mark at the end of May-- in the wake of LinkedIn's successful IPO-- then fell back to $33 a week later. An $84 billion valuation is still well short of the $100 billion mark Facebook is reportedly targeting for its impending IPO, but it's getting close.
Here's a copy of the email that SharesPost sent out about the auction:
We are writing SharesPost members like you who indicated they would like to occasionally receive news from SharesPost.
We would like to inform you that SharesPost's affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. yesterday, June 22nd. A clearing price of $35.00 was established at the auction. Members submitting Qualifying Bids at or above the clearing price will be contacted shortly with instructions on next steps for completing this transaction.