Today's Hard|Forum Post
Today's Hard|Forum Post

Friday August 02, 2013

Facebook Finally Closes Above IPO Price

If you bought Facebook stock during the company's IPO (and held on to it), you just finally broke even. eek!

It took more than 14 months, but Facebook has finally bounced back from a disastrous public offering. Friday, the social network's shares closed above its offering price of $38 for only the second time in history. Facebook finished an especially fortuitous week of trading at $38.05. The last time the company's shares closed higher than $38 was on May 18, its very first day of trading.