This Day in Business History: Facebook IPOs

May 18 2012: Facebook started trading on NASDAQ as FB, with common stock priced at $38 per share. This gave Facebook a $104B valuation, nearly four times Google’s $23B valuation at it’s 2004 IPO. The IPO was notable for more than its size; as technical glitches at NASDAQ later led to lawsuits from shareholders.

Sources:  Facebook, New York Times, Wall Street Journal

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