Saturday, May 19, 2012

Facebook debut as a public company closes nearly flat

Facebook's IPO, turns out to be a bust. It was expected to be big but that didn't happen. One of the most anticipated IPOs in Wall Street history ended on a flat note Friday, with Facebook's stock closing at $38.23, up 23 cents from Thursday night's pricing. For all the hype and expectations, many are seeking a big first day pop in Facebook's share price, the increase of six-tenths of one per cent was a big letdown.

No comments:

Post a Comment