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May 18, 2012 07:30 pm GMT
Facebook shares opened at $42.05, a 10.5 percent increase from its final price last night at $38. This would value the company at $115 billion.While the price is going to fluctuate a lot today, there's a crowdsourced bet from Twitter users onFacebookIPOClosingPrice.comthat the company will close at a$54 price and a $135.7 billionvaluation.Shares are actually currently flat at $38, which is the price that underwriters settled on last night. While it may not be as juicy a story, it's a signal that Facebook's IPO was priced pretty efficiently and that the company didn't leave too much money on the table.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LN6dbhvDMdQ/
No IPO Pop Here: Facebook Is Flat On Last Nights Final Price of $38 Per Share
Facebook shares opened at $42.05, a 10.5 percent increase from its final price last night at $38. This would value the company at $115 billion.While the price is going to fluctuate a lot today, there's a crowdsourced bet from Twitter users onFacebookIPOClosingPrice.comthat the company will close at a$54 price and a $135.7 billionvaluation.Shares are actually currently flat at $38, which is the price that underwriters settled on last night. While it may not be as juicy a story, it's a signal that Facebook's IPO was priced pretty efficiently and that the company didn't leave too much money on the table.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LN6dbhvDMdQ/
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