Description: The 8-year-old social-networking site run by co-founder Mark Zuckerberg closed 0.6 percent higher at $38.23 in New York yesterday. That compares with Carlyle Group LP (CG)â€™s lackluster 0.2 percent day-one increase on May 3. It pales in contrast with Google Inc. (GOOG)â€™s 18 percent jump in its 2004 initial public offering, Visa Inc. (V)â€™s 28 percent gain in 2008 and LinkedIn Corp.â€™s 109 percent surge last May.
Date: May 19, 2012
Questions for Discussions:
- How did Facebook fare on the first day of trading in comparison to other hyped IPOs?
- Where do you think the stock will go over the next few weeks, given its launch results?
- Would you be a buyer today?