Facebook Inc.’s implied value fell by almost 5 percent to about $98 billion in an auction of a fund that holds shares of the world’s biggest social-networking company.
SharesPost Inc. managed a Feb. 14 auction of 200,000 fund units, each equivalent to one Facebook share, at a price of $42 apiece, according to a statement from the private-stock marketplace yesterday. SharesPost estimates Facebook has 2.33 billion shares outstanding, including stock tied to options that may be issued, according to its website.