Facebook is dominating in the transaction for February in second market reports
By at March 11, 2010 | 9:54 pm | Print
Demand for consumer products and services startups are growing fast as newly published report shown by second market.Facebook is dominating in the transaction for February.
About Second Market:
SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as auction-rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage-backed securities, restricted securities and block trades in public companies and whole loans. SecondMarket’s online auction platform has over 5,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment.
February’s report showed the transactions that took place in January, which showed a strong demand for consumer products and services startups. The majority of transactions in January were sales of Facebook stock. SecondMarket just released its February report.
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.