FB starts trading on the Nasdaq

Summary:Facebook is now a public company. Will the stock go up, or down? The social networking giant has started trading shares on the Nasdaq under the "FB" ticker. Be honest: you're a little excited.

Update - Facebook closes at $38 on day one

CNET Live Blog

Facebook on Thursday priced its shares at $38, giving itself a valuation of $104 billion, and raising $18.41 billion. Earlier today, Facebook went public at 9:30 AM EST. Now, at 11:00 AM EST, Facebook has begun trading on the Nasdaq under the "FB" ticker.

You can watch the stock in real-time on the Nasdaq or your favorite financial site. So… How high will FB go?.

Here's the market opening:

Update at 11:25 EST - Nasdaq still hasn't shown a price. Usually there's a 5 minute delay, but 25 minutes is unprecedented.

Update at 11:30 EST - We finally have a price: $42.86.

Update at 11:37 EST - Down to $40.00.

Update at 11:50 EST - We're back to $38.00.

Update - Facebook closes at $38 on day one

See also:

Topics: Legal, Banking, Social Enterprise

About

Emil is a freelance journalist writing for CNET and ZDNet. Over the years, he has covered the tech industry for multiple publications, including Ars Technica, Neowin, and TechSpot.

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