MONEYWATCH
Facebook IPO: More whimper than bang
May 18, 2012
May 18, 2012
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(MoneyWatch) After all that hype, Facebook (FB) shares were up only modestly in the first few hours of trading. The biggest ever initial public offering by an Internet company was delayed for half an hour due to a glitch at the Nasdaq exchange, while eager crowds of gawkers outside the exchange's Times Square storefront waited for the open.
With Facebook co-founder and CEO Mark Zuckerberg ceremoniously -- and virtually -- "ringing" the bell on the Nasdaq Stock Market from the company's Menlo Park, Calif., headquarters, Facebook's stock opened around $43 and quickly slipped to under $39, after pricing on Thursday at
With Facebook co-founder and CEO Mark Zuckerberg ceremoniously -- and virtually -- "ringing" the bell on the Nasdaq Stock Market from the company's Menlo Park, Calif., headquarters, Facebook's stock opened around $43 and quickly slipped to under $39, after pricing on Thursday at
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