May 18
May 18
On Friday, May 18, 2012, the Internet company Facebook, Inc. launched its first public offering (IPO). With a peak market value of more than $104 billion, the IPO was the largest in technology and one of the largest in Internet history. Prior to the official appraisal, the stock's target price progressively grew. The business was aiming for a value of $28 to $35 per share in early May. On Friday, May 18, 2012, trading was scheduled to commence at 11:00 a.m. Eastern Time. However, trade was delayed until 11:30 a.m. Eastern Time owing to NASDAQ exchange technical issues.
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