But shorting is hard. $6.043 down 0.092, last.
From MoneyBeat:
Mobile messaging service WhatsApp isn’t the only closely held company this week to notch an eye-popping valuation.Previously:
An oil-and-gas business launched in April by former Chesapeake Energy Corp. Chief Executive Aubrey McClendon has quickly achieved a $5 billion equity valuation, according to the terms of convertible bonds that it said this week it had sold. The firm has raised about $2 billion in equity, including the $750 million convertible bond, giving its investors a $3 billion paper profit — in less than a year.
That would put it not so far from the stunning pace of wealth creation of the decidedly sexier WhatsApp, which Facebook Inc. agreed this week to buy for $19 billion. WhatsApp was founded in 2009, meaning it created wealth at a pace of just under $4 billion per year....MORE
He's Baaack: Former Chesapeake CEO McClendon's New Company Awarded Five Horizontal Well Permits
