Aug 02

Although Facebook is still a private company investors have been able to buy shares of the company. Shares of Facebook trade on a private-company stock market. The market is known as Secondmarket.

According to an article I read in Techcrunch

SecondMarket is a private stock market with thinly traded shares where demand often outstrips supply. (By definition, private stock sales trade in an illiquid market)

The Article makes analysis of the latest valuation of facebook, as of june 2010

Shares of Facebook on private-company stock market SecondMarket are going through the roof right now. This week, Facebook shares traded on SecondMarket passed $50, giving Facebook a total market value of $25 billion, according to sources with access to the market. (SecondMarket itself does not disclose pricing or valuation of the private stocks it trades)

Facebook shares are available to investors via SecondMarket. If you want to buy into facebook before the IPOthen you may consider opening an account at SecondMarket. According to the site, Signing Up is free!

written by Constantine Njeru \\ tags: , , , , , , , , , , , ,

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