FB starts trading on the Nasdaq
Update - Facebook closes at $38 on day one
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:
- Facebook IPO: Final numbers
- Facebook sets IPO share price at $38: $104 billion valuation
- Facebook files for $5 billion IPO
- Facebook's IPO in pictures and Facebook's IPO by the numbers
- Facebook updates IPO filing to underline Zynga deal
- Facebook details Zuckerberg's $500,000 salary, 45% bonus
- Facebook amends IPO a fourth time, includes Q1 2012 financials
- Facebook sets $28 to $35 IPO price range
- Facebook roadshow kicks off with a video, IPO prospectus released
- Facebook offers 50.6 million more shares, new $34-$38 price range
- Facebook increases IPO by 25%
- Facebook options trading to begin on May 29