Facebook IPO a flop?

Saturday, May 19, 2012

Facebook IPO a flop?

Facebook was supposed to big a hit at Nasdaq.
However, the stock is trading at $38.23, which is little above the $38.00 IPO price set for the stock.


Though many people including the Founder Mark Zuckerberg became instant billionaires!


Mark Zuckerberg is now worth $19.14 billion. Facebook is bigger than Walt Disney and Amazon though.
However it fell very short of expectations.

References:
http://www.latimes.com/business/la-fi-facebook-ipo-20120519,0,6863952.story?page=2
http://www.nst.com.my/latest/fb-stock-closes-nearly-flat-in-debut-1.85575






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