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World of Business
Facebook Shares Slide Below IPO Price in Second Day of Trading
Category: Global Market
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Monday, May 21, 2012 2:49 PM / News Alert from WSJ
Facebook shares slid near $35, well below its initial public offering price of $38, on just its second day of trading.
Facebook shares traded at $35.01, down 8.4%, or $3.22, from Friday's close and put the company's valuation at less than $100 billion.
Tags: Facebook Shares , IPO Price , Trading, Facebook, Social Site, company valuation , Share Price,
