Shelly Palmer

And We’re Off! Facebook Shares Hit the Nasdaq at a Slight Increase Before Settling Back.

Facebook

Facebook shares began trading on the Nasdaq exchange this morning with an immediate jump of approximately 11 percent to a price of about $42 per share. It’s a signal that Facebook and its bankers priced its IPO incredibly well; a large leap on the first day would have meant Facebook left money on the table. Instead, the company got the most value out of the shares it sold. Read the full story at All things D.