Search results
Results from the WOW.Com Content Network
The next day of trading after the IPO (May 21), the stock closed below its offering price, at $34.03. [41] The stock saw another large loss the next day, closing at $31.00. [41] A 'circuit breaker' was used in an attempt to slow down the decline in the stock price. [42] The stock increased modestly in coming days, and Facebook closed its first ...
Facebook's initial public offering came on May 17, 2012, at a share price of US$38 ($50.00 in 2023 dollars [49]). The company was valued at $104 billion ($138 billion in 2023 dollars [ 49 ] ), the largest valuation to that date.
Facebook’s initial public offering got off to a rocky start, as the stock plummeted 50% in the first few months and took a full year to get back to its IPO price of $38.
The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price. [33] At the closing bell, shares were valued at $38.23, [ 34 ] only $0.23 above the IPO price and down $3.82 from the opening bell value.
Facebook's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away ...
Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram , its flagship ...
Spencer Platt/Getty Images By Sarah N. Lynch WASHINGTON -- Nasdaq has agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from ...
Morgan Stanley was the lead investor for Facebook's IPO. Initially, the stock was thought to be determined between $28 and $35 a share. The week before the stock was sold, the demand for the stock was sufficient to increase the price between $34 and $38 a share.