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Facebook Shares Fall Below $38, Slipping More Than 4% In Pre-Market Trading
Facebook shares dipped as much as 4.4 percent in pre-market trading today and are now below their final $38 price in the company’s highly anticipated initial public offering last week. They’re currently trading at $36.66. Today is an interesting test for Facebook’s worth because the company’s shares will no longer be supported 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...
Published By: Tech Crunch - Monday, 21 May, 2012
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Big Data Analytics Specialist Tableau Software Raises $254M In IPO, Shares Close 64% Up; Marketo's First Day Up 78% To $23.10 Tech Crunch (4 days ago) - One year to the day of the troubled Facebook IPO, the climate for tech IPOs...
- Vote! Big Data Analytics Specialist Tableau Software Raises $254M In IPO, Shares Close 64% Up; Marketo Also Saw Huge First Day, Up 78% To $23.10
