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Wed 08 Aug 2010Privately-owned Facebook valued at more than $33bn
FACEBOOK IS now worth as much as $33.7 billion based on secondary market transactions, giving the privately held company an implied valuation greater than the market capitalisations of publicly traded internet stalwarts such as eBay and Yahoo.
Common stock in Facebook is trading as high as $76 a share as investors scramble to get a piece of the company before it files for an initial public offering, which analysts say could be the biggest technology IPO since Google’s $1.67 billion flotation in 2004.
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