Facebook, Tesla And Solyndra Dominate SecondMarket Transactions In January

Feb 8, 2010

Last month SecondMarket published data on private company stock sales that they helped complete in 2009. They’ve now released last month’s data as well.

A total of a little more than $13 million in sales occurred, with the average transaction size of around $2 million. There continues to be very strong demand for consumer products and services startups (which includes companies like Facebook, Twitter, LinkedIn, Digg, etc.). But the sellers are spread out more evenly across all categories, particularly consumer, IT, Healthcare, energy and cleantech.

36% of the transactions were sales of Facebook stock, and we’ve heard from independent sources that sales are being completed for as high as $40 per share (or a $17.6 billion valuation). That’s a substantial price increase from less than a month ago. Tesla took 29% of the transactions, and sales of Solyndra stock were 28% of the total. Gridpoint rounded the group out with 7% of the total.

The complete report is below, and you can download the pdf here.

CrunchBase Information

Information provided by CrunchBase

David Wohl

In December, a single block of 2 million shares of Tesla traded for $2.

I wonder what that implies for their IPO pricing…
http://www.williamfranceschine.net William Franceschine

Minimum buy-in for Facebook is 20,000 shares at $40 per share (as of about a week ago) – so $800k. If you want to invest lest they refer you to an LLC pooling money to buy share blocks – they told me they were getting shares at $31. Problem is they don’t just buy shares and hold them – they operate it like a hedge fund, buying and selling shares and taking expenses out of the fund etc. You have no control and can’t cashout until the IPO. I passed. Wish there was a way to get in for less than $800k…
http://www.techretold.com Shan

$40 is too much for Facebook..
josh

Tesla’s taking people’s money to build fancy cars that normal people can’t buy. Solyndra’s pretty much the same.

Facebook excluded, the others are basically floating their shares on taxpayers money. It tells me how smart people in the Valley can easily rob the govt through well-intentioned-yet-mismanaged policy (funding alternative energy).
whatever

$10 is too much for facebook.
whatever

BTW, both bid and ask are controlled by DST. If there is one thing we learned from the financial crisis, is that if the spread is too big, that means the asset is overvalued.
http://www.williamfranceschine.net William Franceschine

The spread is huge. 32/40 IIRC.
Charlie

I always feel Facebook may either be a Ponzi scheme for investors and new employees, or a real huge success — and its success may bring down the Google empire.
http://www.guiaslocal.com Guias Local

FaceBook will trade at Yahoos range.