All Entries in the "Facebook IPO" Category
Facebook shares goes down below $28
Even as stocks on Wall Street moved solidly higher on Tuesday, shares of Facebook went against the tide, continuing to fall sharply below their initial offering price in what could be a sign that the bottom is yet to come. Facebook shares fell $3.07, or 9.6 percent, to $28.84 on Tuesday, the second-steepest decline since [...]
Facebook’s share keeps going down
Shares of Facebook Inc slid to a new low on Tuesday at just above $30.Facebook shares are now down more than 20 percent from their IPO price of $38. Stock of the world’s No. 1 social network briefly skirted a record trough of $30.03 and was down 5.6 percent at $30.12 at midmorning. Facebook and [...]
Worst week for Facebook IPO
Facebook first week at the stock exchange was not less than disastrous.Facebook’s first five days as a public company saw its value drop 13.1 percent, the worst first-week performance of any initial public offering in a decade. Facebook and its underwriters, led by Morgan Stanley, pegged its opening price at the top of its range, [...]
Facebook Sued over the IPO by shareholders
Shareholders sued Facebook and the Owner Mark Zuckerberg over the Facebook’s IPO.Shareholders said that they hid bearish forecasts prior to going public. The suit, filed Wednesday morning in the U.S. District Court in Manhattan by the Brian Roffe Profit Sharing Plan, Jacob Salzmann and Dannis Palkon, charges that Facebook and its lead underwriter concealed “a [...]
Facebook IPO down by 11% , who’s to blame ?
One of the most anticipated IPO’s of all time Facebook went down 11%.A 11% drop in the IPO sets you asking questions as was the Facebook IPO overpriced? “It was like the gang that couldn’t shoot straight,” said Michael Mullaney, who helps manage $9.5 billion as chief investment officer at Fiduciary Trust in Boston. So [...]
Facebook IPO goes down from its initial pricing on second day
Facebook, the social networking giant fell below its initial IPO pricing on the second day of trade.The shares dropped 11 percent to $33.88 at 10:40 a.m. in New York, after earlier declining as much as 14 percent to $33. The stock was little changed at $38.23 at the close of its first day of trading [...]
Facebook IPO falls flat on the debut day
The historic day for Facebook wasn’t the best day for them at the stock market.The shares closed at $38.23, barely above the $38 IPO price.Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to [...]
Is Facebook IPO more hype than actual business ?
With Facebook IPO getting indexed on NASDAQ with an initial IPO offering of $16 billion Mark Zuckerburg will be a happy man.Facebook sold 421.2 million shares at $38 each to raise $16 billion. But there are many who say they are not interested post initial Facebook Offering.Of the 1,100 registered traders and investors polled, 71 [...]
