Facebook valuation goes upwards of $65 Billion

Facebook continues to lure big investors, and Facebook valuation continues to go upwards.

Disclosed in a blog post, the latest to invest in the world’s biggets social network is the financial services holding company T. Rowe Price, who on Friday disclosed that it has invested $190.5 million in Facebook.

The financial company is reported to have paid $25 per share for Facebook stock, which obviously will be more than what Digital Sky Technologies and Goldman Sachs paid for in a $1.5 billion investment,and much higher valuation Facebook reached at recently.

In addition to Facebook the financial company also invested $71.8 million inZynga and an $86.8 million stake in Groupon. Previously, the company had participated in a $100 million round for Twitter; and it made investments in Ning and YouKu.com.

Although the above investments account for a small percentage of the $482 billion the company manages, but it has shown a heightened interest in privately held web startups.

Facebook is still a privately traded company, and has plans to file for an IPO before April 2012. --------

Facebook valuation goes upwards of $65 Billion

Share This:

No comments