LinkedIn Halo Effect? Facebook Shares Surge To New High In SharesPost

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Facebook shares on private secondary markets like SecondMarket and SharesPost spiked briefly in March to $34 – an $85 billion valuation. But they settled down to around $31.50 after that and have mostly stayed around that level since then. But something caused the shares to surge past that old record to a solid $35 per share in this week’s auction. Our guess is that newly public LinkedIn’s somewhat impressive P/E ratio of 2,500 may have something to do with it.

$35 per share values Facebook at roughly $87.5 billion. Which is a steal compared to the way the public markets are valuing LinkedIn.

We are writing SharesPost members like you who indicated they would like to occasionally receive news from SharesPost.

We would like to inform you that SharesPost’s affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc. yesterday, May 26th. A clearing price of $35.00 was established at the auction. Members submitting Qualifying Bids at or above the clearing price will be contacted shortly with instructions on next steps for completing this transaction.