Facebook Closes More Or Less Flat On IPO Day

May 18, 2012

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Shares in Facebook (NASDAQ: FB) closed more or less flat at $38.23 after a tumultuous IPO day plagued with technical difficulties. Many institutional and retail investors have not yet received order confirmations, even hours after orders were placed, due to hiccups in Nasdaq’s infrastructure. Facebook is the largest tech IPO in history, and now claims the title of the most widely traded IPO ever. Expect further updates and in-depth analysis of what transpired today.

Written By Techli

Edward is the founder and CEO of Techli.com. He is a writer, U.S. Army veteran, serial entrepreneur and chronic early adopter. Having worked for startups in Silicon Valley and Chicago, he founded, grew and successfully exited his own previous startup and loves telling the stories of innovators. Email: [email protected] | @EdwardDomain