Facebook sees lukewarm debut
May 19 , 2012
Facebook shares ended their first day of trading at $38.23, barely above the company's initial pricing of $38.
Shares in the social network rose more than 10 percent to $42 within minutes of the opening bell before quickly falling back.
Mark Zuckerberg, 28, who started Facebook when he was at university, remotely opened trading on the Nasdaq via a video link from the firm's headquarters in California.
There had been a delay of about half an hour caused by a technical problem, which analysts say reflected the huge demand for the stock.
The $38 share price values the eight-year-old social network site at $104 billion.