Bloomberg is reporting that Facebook shares are selling for $21 on SecondMarket, up from $14.77 in July.
According to its site, SecondMarket is “The Secondary Market for Illiquid Assets.”
Possible reasons why share prices have spiked:
- September 15th — Mark Zuckerberg, CEO of Facebook, announces that its site now serves 300 million people across the world, while becoming cash flow positive (something it didn’t expect to happen until 2010). You can find the official announcement, here.
- An IPO soon? Mark made comments regarding an IPO back in May at the Reuters Global Technology Summit. You can find that article, here.
You can read the Bloomberg article, here.