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Facebook stumbles at first step

 
Posted on May, 19, 2012
 
Facebook's listing was very anticipated by investors and speculators alike, but the first day of trading failed to meet expectations. Faceboook had a good start opening at 42.05 (which means a 10.65% increase compared to the IPO price of 38) but quickly fell to IPO values. In the end, the first day of trading closed at 38.23 which is only 0.61% up compared to the IPO price. Considering the high expectations of this listing, it can be said that Facebook barely avoided a disaster by staying on top of the IPO price, but investors are already asking themselves if the Facebook hype is about to end. Starting on Monday, you should expect to see binary options on Facebook shares on many of the high rated brokers.
 
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