Facebook had a pretty lackluster day for an IPO
Perhaps signaling and overall weakness in the market of late, Facebook's IPO was mostly lackluster today with the shares closing at $38.23 a mere 23 cents above the IPO price.
In fact, it was reported that the IPO's underwriters had to step in on several occasions today and purchase shares to prevent the price of Facebook from following below the $38 IPO price.
By contrast, shares of LinkedIn more than doubled during their first day of trading when the company went public.
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