Facebook Opens First Trading Day at $42.05
Shares of Facebook (NASDAQ: FB) opened their first day at a price of $42.05, which was higher than their initial public offering (IPO) price of $38. Facebook's IPO price made it the largest technology IPO yet.
Shares of the social networking site started trading minutes later than the anticipated 11am, with NASDAQ claiming it experienced a delay. This may have been a result of abnormally high amounts of orders by retail investors.
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