Facebook’s stock started high, trading at $42 per share, or $4 more than it’s Initial Public Offering of $38. The price wavered throughout the day as 460 millions shares traded hands, setting a new record for IPO trading volume.
The stock dipped to $38.02 soon thereafter, increasing to $41.70 in the afternoon, before closing at $38.07. After hours, Facebook’s underwriters padded the falling price, leveling out at around $38.27.
All in all, anyone initial share-holders who sold today made money. Anyone who stayed firm saw the value of their shares increase less than 1%, and they would have seen a net loss if not for Facebook’s bankers.
Anyone who bought shares today could likely be in for a big disappointment. Any of the cool factor Facebook once had is now in the hands of these people.
























