Menlo Park, Calif. – As of mid-afternoon on Friday, in one of the most anticipated initial public offerings (IPOs) in history, shares of social networking giant Facebook were up by about 2.5 percent in their first day of trading on the Nasdaq Global Select Market.
Check the latest Facebook price here [FB].
The company late Thursday priced 421.2 million shares at $38 each – the high end of its revised price range – raising approximately $16 billion.
The move means that shares owned by Mark Zuckerberg, Facebook’s 28-year-old co-founder and CEO, are worth approximately $19.1 billion. Following a brief delay, the stock began trading under the symbol “FB” at 11:30 a.m., opening up 11 percent before tailing off.
This article was also published in New England Tech Wire.
Related links:
SEC – Facebook documents
Either way, you can still have your fun, just log onto Facebook and brag about your new sneakers, your new squeeze, your new whatever that makes you lovable and a very popular hawt bixch (isn’t that how facebook works?) and even if you can’t manage to bilk the capitalistic system with your savvy connections (oh well…) at least you can show off how savvy you look even if a dime of the $100 odd billion being magically printed today never reaches your scrawny good natured and good looking self, all 900 000 000 million of you users that is….
http://scallywagandvagabond.com/2012/05/today-all-you-bastards-are-going-to-finagle-facebooks-ipo-launch/