SAN FRANCISCO – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
Reuters: Business News
Posts Tagged Facebook
Historic Facebook debut falls flat
Social media stocks hammered as Facebook debuts
NEW YORK – Social media stocks, led by Zynga Inc , slumped in volatile trading as traders used the securities to hedge or bet against the star of the sector, Facebook Inc , which went…
Reuters: Global Markets
Historic Facebook debut falls flat
SAN FRANCISCO – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches…
Reuters: Global Markets
Messy Facebook debut marks weak day on Wall Street
NEW YORK – Stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets.
Reuters: Business News
Facebook expands IPO size, aims for $15 billion: source
SAN FRANCISCO – Facebook Inc is increasing the size of its IPO by 85 million shares to about 422 million, a source familiar with the matter told Reuters, raising more than $ 15 billion in Silicon Valley’s largest market debut.
Reuters: Business News
Facebook changes IPO pitch in Boston, scraps video
BOSTON – Facebook Inc’s initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.
Reuters: Business News