On April 2, 2008, a lucky buyer picked up Facebook stock on the private market for a paltry $3.50.
While those shares have now ballooned to a value of $38 per share , it’s been a fascinatingly complex and, at times, bumpy road for Facebook’s private pricing history — the details of which, once closely guarded industry secrets known to just a small class of buyers, sellers, and market-makers, is being fully revealed by SecondMarket, in data first disclosed to the public on CNBC.com.
In the four-plus year history that Facebook has traded on the exchange, which acts as a marketplace for restricted or other illiquid securities, the company saw its most volatile days within the first 12 months of trading.
At first trade, Facebook’s implied valuation stood at a remarkable $8.1 billion, more than 16 times higher than venture capital valuations implied by capital raises in 2006. That first trade may have been a bit overly enthusiastic. Roughly 13 months later, valuations cratered some 70 percent to just $2.6 billion with shares worth just a little more than a dollar.Page 1 of 3 | Next Page