[1702] ugCZxMQpBnZsrjaK 2016/06/01 21:34:19
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</a> The abridged version of the Facebook price story goes like this: The IPO price was first expected at a low end of $25 per share, which eventually was set at $38 per share on huge investor appetite. Shares gapped up to start trading at $42 and ran to about $45 on the IPO day mired in chaos (delay to the of opening trading and other trading disruptions as Nasdaq’s system couldn’t handle the volume) before closing back near the $38 mark. In subsequent months, shares plunged to a low of $17.55 on a bloated valuation, insider selling, dilution and analysts bashing the company for a lack of a plan to monetize its mobile business. In Facebook’s defense, just over a year later, the stock has hit all-time highs.