Facebook closed almost as opened on the first day in the stock market
May 18, 2012
Facebook fever on its first day on the stock had a tepid development, as the value of the share closed almost the same opening price.
The official value fixed by Facebook of the 421 million shares began at $ 38 each and quickly climbed to $ 45. But then it went down and stayed at $ 38.37 per share.
Anyway, this gives the company 104,000 million market valuation, while bringing estimated revenues in the public offering of shares was at least 16,000 million.
Facebook is listed on Nasdaq, the New York Stock Exchange that concentrates the largest computer companies in the world and beat big names like McDonald’s, Citigroup and Amazon.
Facebook, the most important social network in the world created by Mark Zuckerberg, had the third biggest opening in history of any U.S. company, behind only General Motors, who joined 18,140 million, and the financial company Visa, which raised 19,650 million.