Rank: Chief Joined: 8/4/2010 Posts: 8,977
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QW25091985 wrote:hisah wrote:Bloomberg wrote:Facebook Inc. (FB) gained as much as 18 percent in its trading debut, following a record initial public offering that made the social network more costly than almost every company in the Standard & Poor’s 500 Index. (SPX)
The shares advanced 11 percent to $42.18 at 11:30 a.m. in New York, after earlier surging as high as $45, giving it a market value of $123.4 billion. Facebook sold 421.2 million shares at $38 each to raise $16 billion yesterday. The IPO price valued the company at 107 times trailing 12-month earnings, more than every S&P 500 member except Amazon.com Inc. and Equity Residential. Down we go... Now 5% up... Won't be shocked if it closes flat or below listing price. dont be excited or saddened by the intraday fluctuations the closing numbers are whats important . I wish I were excited with FB... If you look at my posts on this thread, I have been on the sell side of it and don't understand its hype. Maybe coz I'm not a FB user makes me biased. Also with Goldman at the front of it, that just rockets up my skeptical meter. GS is known for shitty deals and the latest leak on their naked short selling stunts, stinks to the heavens. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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