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.
SEC – Facebook documents