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(Image from article: "SecondMarket Valued at $200 Million")

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SecondMarket Valued at $200 Million

SecondMarket Valued at $200 Million

SecondMarket has raised money from a venture fund started by a former Facebook executive as the online marketplace for private shares looks to persuade more companies to sign up.

Senh: SecondMarket is an original concept. The idea is so simple, which is probably why it's catching on. The only problem I see so far is that it really over-inflates valuations of private companies like Facebook and Twitter. Their valuations are 50-100 times their revenue. It allows employees to cash in on the hype of their companies, rather than on actual revenue.

 

Rio Tinto Said to Consider $15 Billion Stock Sale

Rio Tinto Group, the third-largest mining company, is considering a plan to raise as much as $15 billion in a stock sale after rejecting an investment from Aluminum Corp.

 

Bank of America has raised $26 billion

Lending giant says it is 'well on its way' towards meeting the nearly $34 billion in capital requirements that regulators demanded after the bank stress tests.

 

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