NewHopeR
Senior Member
- Joined
- Nov 6, 2009
- Member Type
- Student or Learner
- Native Language
- Chinese
- Home Country
- China
- Current Location
- China
Context:
As investors raced to buy shares, the sprawling social network raised $16 billion on Thursday, in an initial public offering that valued Facebook at $104 billion.
While the I.P.O. shares, 421 million of them, are being sold at $38 each, the feverish anticipation of their debut could drive them higher on Friday when the stock starts trading about 11 a.m. Newly public technology stocks — particularly ones that have captured investors’ attention like Facebook — often achieven double-digit gains in a one-day pop.
More:
Facebook Raises $16 Billion in I.P.O.
As investors raced to buy shares, the sprawling social network raised $16 billion on Thursday, in an initial public offering that valued Facebook at $104 billion.
While the I.P.O. shares, 421 million of them, are being sold at $38 each, the feverish anticipation of their debut could drive them higher on Friday when the stock starts trading about 11 a.m. Newly public technology stocks — particularly ones that have captured investors’ attention like Facebook — often achieven double-digit gains in a one-day pop.
More:
Facebook Raises $16 Billion in I.P.O.
