SecondMarket: Facebook And Zynga Dominate Transactions In February
Transactions more tripled in February, from $13 million in sales to $43.8 million in sales last month. A full 48% of the transactions were sales of Facebook stock, compared to 38% in January. And last month, we reported that sales are being completed for as high as $40 per share (or a $17.6 billion valuation). But we learned this week that Facebook CEO Mark Zuckerberg is in no rush to take the company public. LinkedIn took 18% of the transactions, and sales of both Twitter and Zynga stock were each 15% of the total. LifeLock rounded the group out with 4% of the total.
The transactions concentrated mainly in consumer products and services (85%) and media and entertainment (15%). Similar to January’s trends, Facebook, LinkedIn and Twitter attracted the most transactions on SecondMarket.
On the buying side, Facebook led the way with one-third of all buyside demand followed by Twitter (7%) and LinkedIn (5%). Interest in Zynga (3%) also rose in February. On the seller side, ex-employees of start-ups stepped up their selling activity in February, comprising over 80% of sales, the highest percentage in the past nine months.
Noticeably missing from the report was Tesla, which filed for a $100 million IPO in late January.