Facebook valued by the market over Yahoo and eBay
| Date: August 25, 2010 | Source: Europa Press |
| Category: Business | |
Go ahead and rate this post 
Loading ... The assessment of the social network Facebook reaches 33,700 million (26.589 million euros) in terms of the transactions carried out in secondary markets, which would give the popular Web site a market value superior to established companies in the sector traded on Wall Street as Yahoo! or eBay.
In fact, Facebook's common shares are currently traded at a price of $ 76 in the secondary markets to the interest of many investors in position before the requested social network going public, which analysts say could be the largest stock market debut in the technology sector IPO since Google, which raised $ 1,670 million in 2004, according to the newspaper "Financial Times".
"The valuation of Facebook buoyant about listed companies like eBay and Yahoo, whose market capitalization stands at 30,100 and 18,300 million respectively, suggests a new dynamic between technology companies and investors," said the paper.
However, to date, Facebook and other successful companies in Silicon Valley as Twitter, LinkedIn and Zynga, undertakings unwilling to leave when trading in perceiving little appetite in the markets, some investors are buying stakes in the meantime with hope that in producing their IPO prices to skyrocket.
Specifically, Facebook, which has the backing of private equity firms and investment firms, said earlier that not debut on the stock market at least until 2012, although employees of the company and investors are free to sell their shares in the company in the secondary markets.
However, "Financial Times" says that Facebook executives are not comfortable with the growing appreciation of the social network and sources close to the company said that prices of shares in Facebook in secondary markets are "inflated" by the lack of titles and lack of transparency in its financial results.
In addition, U.S. regulations require the company run by Mark Zuckerberg not to exceed the figure of 500 shareholders to maintain their status as private company, which sources confirmed that meets Facebook social network today.
However, in an effort to limit the entry of new shareholders, Facebook is exercising its right of redemption, with which it has priority to buy back its shares, or assign this right to other shareholders and the investment firm Tiger Global.
