Business & Money

Facebook’s public debut — the largest tech IPO in history — performed below expectations Friday, jumping 13% to hit $43 just minutes after trading began, only to retreat quickly to the initial offering price of $38. At that point, the IPO underwriters, including the largest banks on Wall Street, stepped in and waged a buying-battle to support the price, according to The Wall Street Journal. The IPO faced early technical trouble, as the NASDAQ stock exchange was forced to delay the offering for almost 30 minutes. At the end of trading, Facebook shares closed at $38.23, essentially flat.

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on May 18, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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