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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...

This Day in Business History: Happy Birthday NYSE!

May 17, 1792: Outside of 66 Wall Street, under a buttonwood tree, 24 stockbrokers and merchants signed what became known as the Buttonwood Agreement, which established The New York Stock Exchange. The very first listed company on the exchange was Bank of New...

This Day in Business History: The Chunnel Opens

May 6, 1994: The “Chunnel,” a rail tunnel under the English Channel, officially opened. This 31 mile tunnel connects Folkstone, England with Sangatte, France.  Construction began in 1988, with drilling commencing from both countries.  The tunnel goes down as far...