/// Facebook Underwriters Stepped In to Support Shares at Offering Price

May 18, 2012  |  All Things Digital

Facebook Inc.’s public debut had plenty of buzz but not much pop. The shares opened 11 percent higher, but struggled to stay above their $38 offering price and ended the day up just 23 cents. It was a tepid debut for one of the largest and most closely watched initial public offerings. More than 30 brokerages and banks were involved in the offering, which saw a nearly 571 million shares change hands on Friday — a record for a stock debut. Read the rest of this post on the original site »

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Facebook Underwriters Stepped In to Support Shares at Offering Price



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