Facebook Shares Jumped 13-Fold in Private Trading Before IPO
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Facebook Inc.’s value jumped 13-fold in private trading in the four years before its initial public offering yesterday, outperforming Apple Inc. and Google Inc., 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 April 5, the day that the private-stock marketplace stopped holding auctions. In the same period, Google gained 36 percent and Apple more than quadrupled.