Facebook IPO Steals Show: Tech Weekly:
NEW YORK (TheStreet) --
Facebook's IPO came and went on Friday, amid mixed reviews.
Many were hoping for a massive pop, but shares opened trading at $42.05, after pricing at $38 per share. The offering raised more than $16 billion in the largest tech offering in U.S. history. Facebook and its existing shareholders sold 421.2 million shares in the offering.
The stock jumped up to $45 right away, then ran down to its pricing level of $38 but never went negative. Shares closed their first day of trading up 0.6% at $38.23 on 573 million shares.
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Click to view a price quote on FB.
NEW YORK (TheStreet) --
Facebook's IPO came and went on Friday, amid mixed reviews.
Many were hoping for a massive pop, but shares opened trading at $42.05, after pricing at $38 per share. The offering raised more than $16 billion in the largest tech offering in U.S. history. Facebook and its existing shareholders sold 421.2 million shares in the offering.
The stock jumped up to $45 right away, then ran down to its pricing level of $38 but never went negative. Shares closed their first day of trading up 0.6% at $38.23 on 573 million shares.
...
Click to view a price quote on FB.
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