Facebook trading sets record IPO volume Saturday 19th of May 2012 11:25:46 AM

Facebook trading sets record IPO volume

Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price. On Thursday night, Facebook (FB) set its final IPO price at $38 a share. When the stock began trading at 11:30 a.m. ET on Friday, the first trade came in at $42.05 per share -- a gain of nearly 11%. But the stock quickly reversed course, dropping down to hover right around the $38 IPO price for much of midday trading. Though shares rose modestly for short bursts... Read More

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