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Facebook Shares Slide Nearly 12% To $33.76 On Second Trading Day After IPO
techcrunch.com 3 days, 15 hours agoFacebook shares dropped nearly 12 percent to $33.76 , below the company’s final $38 price in the company’s highly anticipated initial public offering last week. Today is an interesting test for Facebook’s worth because the company’s shares will no longer be supported as heavily by the IPO’s lead underwriter Morgan Stanley. Facebook’s performance today may further stoke the debate over whether its IPO was priced well. To save face on Friday, Morgan Stanley had to step in to make sure that Facebook shares did
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You Know What's Not Cool? No Big Pop For Facebook's IPO
forbes.com 6 days, 12 hours agoAfter a long wait for shares to start trading today, ticker symbol FB initially??leaped past the $38 a share the company set last night for its initial public offering. Shares opened shortly after 11:30 a.m. Eastern at $42 a share, up about 10%.??That made?? worth $118 billion, more than any other newly public company. But ...
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