Investors who bought stocks of popular social networking site Facebook at its offer price of $38 are now down 10.5% after just two days of trading.
Facebook, the world’s biggest social networking site, is expected to have its initial public offering (IPO) on May 17, 2012. The company is poised to raise at least $5 billion, which would put the firm’s value at around $100 billion. Those interested to prepare their
The dot-coms are back. In recent months, several websites have underwent initial public offering (IPO) raising billions of dollars for their owners and investors. In May 2011, professional networking site LinkedIn went public and its price surged 109% over the IPO price on the first