Facebook surged to $40 a share, in an auction in which 100,000 shares traded hands. There were signs this was going to be big, as the stock reached $35.50 a share in SharesPost trading on January 30, 2012. The fact that the auction closed so high is mind-blowing. The result is a valuation of roughly $94 bn, just under the high end of Facebook's rumored IPO valuation range ($75 bn to $100 bn). Also, this is far higher than the $35 price reached in SharesPost trading on July 19, 2007 – after which it dipped.
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