INQUIRER.net: Facebook soaring stock closes above $38 IPO price

INQUIRER.net Philippine News for Filipinos

Facebook soaring stock closes above $38 IPO price Aug 3rd 2013, 00:33 MENLO PARK, California — Facebook's resurgent stock has closed above its IPO price for the first time since the online social networking leader made its debut on Wall Street more than 14 months ago.   The shares gained 56 cents to finish Friday's session at $38.05. That's the stock's highest closing price since ending its first day of trading at $38.23 in May of last year.   Facebook Inc. priced its initial public offering at $38 per share amid lofty expectations that investors would be clamoring to buy a stake in one of the world's best-known websites. Instead, trading problems hurt the company's stock market debut, and then worries about Facebook's growth pr... Keep on reading: Facebook soaring stock closes above $38 IPO price Media files: Mark-Zuckerberg.jpg (image/jpeg)

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