IPO talk: Facebook's put shares soar

London: Facebook is being valued at more than $33 billion as investors try to secure a stake in the social networking site in anticipation of its flotation on the US stock market.

The latest data shows that shares in Facebook are changing hands for up to $76,more than double their value at the start of this value at the start of this year. While Facebook is still privately held, shareholders are able to sell the company's stock though "secondary market" trading. By buying at these prices, some investors are calculating that Facebook is worth more than eBay or Dell, or nearly twice as much as Yahoo!