Still, an $18.4 billion IPO is an $18.4 billion IPO, so let’s not be too blase.
Trading volume was high — more than 100 million shares in the first three minutes, and around 200 million before 1 p.m. ET. So many last-minute orders were posted, Nasdaq delayed initial trading in the shares from 11 a.m. to 11:30. By day’s end more than 515 million shares were traded, a record for a new issue.
By the way, Mark Zuckerberg’s net worth is now in the area of $20 billion.
- Was the Facebook Deal Overhyped? [CNBC via Yahoo]
- Historic Facebook IPO Marred by Trading Glitches [Reuters]
- Facebook Hiring Machine To Ramp Post IPO? [Dice News]
Updated 4:30 p.m. with final trading figures.