Business Standard

Facebook shares open trading with over 10 pc premium at USD 42

Press Trust of India  |  New York 

  • ALSO READ

    SCs, STs account for nearly 25 pc households in Maha: Census

    BJD MLA to be moved to fortified bungalow

    PM calls all-party meeting on May 23 to discuss quota issue

    White Paper on black money likely on Monday

    'Over Rs 18 cr given to states for Rural Telemedicine Network'

Facebook shares opened with over ten per cent premium at USD 42 compared to its initial public offer price of USD 38.

The social networking site's IPO, that mopped up USD 16 billion, is one of the largest in the history of US companies.

Paring the initial gains, Facebook shares were trading at USD 40 after 15 minutes of its opening on the Nasdaq stock exchange.

The price band of the IPO was set at USD 34-38.

  

Facebook shares open trading with over 10 pc premium at USD 42

Making a strong stock market debut, shares of Facebook today started trading with a premium at USD 42.

Facebook shares opened with over ten per cent premium at USD 42 compared to its initial public offer price of USD 38.

The social networking site's IPO, that mopped up USD 16 billion, is one of the largest in the history of US companies.

Paring the initial gains, Facebook shares were trading at USD 40 after 15 minutes of its opening on the Nasdaq stock exchange.

The price band of the IPO was set at USD 34-38.

  
image