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At a valuation between $3.9bn and $4.5bn, it's still small in comparison, but in the startup world brand loyalty is weak, and consumers could quite easily switch apps.
Nonetheless, Facebook is expected to go public at a valuation between $92 and $103 billion.
The company is expected to go public at a valuation between $8 billion and $10 billion USD.
The company is going to price above the previous range that it set, which was $14 to $16 at a valuation between $19.5 billion and $22.5 billion including options and stock conversions.
The news about teens was clearly hard on Facebook but could be a boon to Snapchat, which is reportedly trying to close a big round of funding of around $200 million at a valuation between $3 billion and $4 billion.
In total, SecondMarket raised $13 million at a valuation of $160 million.
At that price, GSV had purchased $6.6 million worth of shares at a valuation of approximately $70 billion.
At that price, GSV purchased $6.6 million worth of shares at a valuation of about $70 billion.
Facebook is now preparing to go public at a valuation of perhaps as much as $100 billion.
Xiaomi raised $1.1bn at a valuation of $45bn, compared to Uber's $40bn price tag.
The company was recently acquired by Sanofi-Aventis at a valuation of USD$784 million.
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