Facebook Ends The First Day Trading, Up By 0.37 Per Share Price (0.97%)

Posted on May 18 2012 - 8:04pm by Editorial Staff

So here we are, the social giant done with its first day trading: Facebook ends the first day at $38.37, up by 0.37 (0.97%) – almost the actual price the company sets, making the company total valuation to $104 billion with an $18.4 billion initial public offering. Facebook starts its first day of trading with $42.12 per share price, up 4 points (10.23%), with later half did the trading at $38 and it remains stable most of the day.

The day sees a lot of hitch up and down not only for the social giant but also for other tech companies. Furthermore, an interesting piece of news also comes into existence that some Facebook engineers hacked Nasdaq opening bell button, updates Zuckerberg’s status on FB wall In real time.

CEO Mark Zuckerberg along with vice president of product Chris Cox, COO Sheryl Sandberg, and CFO David Ebersman rang the NASDAQ opening bell remotely from Facebook’s headquarters at 1 Hacker Way in Menlo Park, California this morning.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.