Monday August 3, 2020

Facebook shares top $38 IPO price

Facebook rose above its $38 initial public offering price for the first time since its debut trading day last night, capping a 14-month comeback fuelled by innovations in mobile advertising.

1st August, 2013
Facebook is trading near record levels.

Facebook rose above its $38 initial public offering price for the first time since its debut trading day last night, capping a 14-month comeback fuelled by innovations in mobile advertising.

Facebook climbed as high as $38.31, an intraday price not seen since the May 18, 2012 IPO. The shares retreated 2.2 per cent to $36.80 at the close in New York, leaving them up 38 per cent this year. Facebook had tumbled to a low of $17.55 in September.

The stock is still...

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