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Facebook IPO: This time it’s personal

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First full day of buying and selling ends with inventory below provide fee The stop is nigh, the stop is nigh, cry the hawks THE Facebook initial public offering (IPO) final Friday (May 18) generated the identical amount of hype and hope that the Google’s IPO did lower back in August, 2004. The latter delivered cheer lower back to the tech industry after the debacle of the dotcom bust; at the same time as the Facebook list marks a new technology, some would like to agree with. Google offered greater than 19 million stocks at US$eighty five each the use of a completely unique public sale format. On the primary day of buying and selling, the inventory commenced at US$100.01 and ended at US$a hundred.34, up US$15.34 or 18%. The entire exercising raised US$1.67 billion, at the time the biggest IPO ever with the aid of an Internet enterprise. By evaluation, the hawks are out over the Facebook listing, portray it a disaster. Trading on the Nasdaq inventory change became not on time due...