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Locked Up Facebook Shares Released to Markets (Fox Business)

On the Fox Business show Markets Now, Anant Sundaram, visiting professor of business administration at the Tuck School of Business and a corporate valuations expert, says he was not surprised by the decline of Facebook stock since its initial public offering, but calls the current stock price much more realistic.

“I think it was fairly obvious, given the fundamentals and what needed to be achieved, that the $30 a share price seemed a tad on the frothy side,” Sundaram says.

Where the stock is now, he says,  “seems like a reasonable fundamental valuation of the company.”

Watch the broadcast, which aired 8/16/12 on Fox Business’s Markets Now.

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