'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
With new public stock offerings for guitar maker Fender and travel booking website Kayak on deck next week, there are signs demand is starting to grow for IPOs after a five-week freeze triggered by a steep decline in financial markets and exacerbated by Facebook's rocky May 18 debut.
It's been a month since Facebook's IPO fell flat and in that time, the market for initial public offerings has collapsed.
In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.
Facebook updated its status to "public company" on Friday.
After all the hype, Facebook's first day as a public company ended where it began. Its stock closed at $38.23, up 23 cents, after pricing Thursday night at $38 per share.
It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.
It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.
After all the hype, Facebook's first day as a public company ended where it began.
Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street.
Facebook updated its status to "public company" on Friday.
Facebook's initial public offering of stock is one of the largest ever. The world's definitive online social network is raising at least $16 billion for the company and its early investors in a transaction that values Facebook at $104 billion.
Facebook found more than enough friends.
"If the market stays healthy _ the overall market _ I think we will see a lot of IPO activity in the second half," said Nick Einhorn, an analyst with Renaissance Capital.
"If you are a $100 million or $200 million company going to go public, you're not going to have the same scrutiny that Facebook had," Einhorn says.
