initial public offerings (IPOs) trading on American exchanges

Friday, May 18, 2012

Facebook (FB) started trading on the NASDAQ on 18 May 2012

IPO price: $38
  • FB sold 421 million shares Thursday at $38 after bumping up the price range from the original $28 to $35 per share. 
  • The stock began trading above $42 Friday morning and came under pressure in the afternoon, spending much of the final half hour just above $38 before finishing at $38.23. (The stock traded as high as $44 in the private market in March.) Without reported support from the deal underwriters, the shares might have fallen below $38 in what would have been a big embarrassment for Facebook and Wall Street.

Monitors in Times Square on May 18 showed the news of Facebook trading on the Nasdaq.

Spectators waited outside the Nasdaq stock exchange for Facebook's share price to be posted during its debut on May 18.

Zynga (ZNGA), Groupon (GRPN) and LinkedIn (LNKD) volatility stays elevated as shares trade lower after Facebook (FB) IPO.

  • Zynga June put option implied volatility is at 107, September is at 87; above its 19-week average 68. 
  • Groupon June put option implied volatility is at 146, July is at 132 above its 26-week average of 57. 
  • LinkedIn June put option implied volatility is at 64, July is at 58; compared to its 26-week average of 62.

No comments:

Post a Comment