how much was facebook stock when it first came out
Initial public offering of Facebook Strong demand, especially from retail investors, suggested Facebook could choose a relatively high offering price.[24] Ultimately underwriters settled on a price of $38 per share, at the top of its target range.[24] This price valued the company at $104 billion, the largest valuation to date for a newly public company.[25]
New York Stock Exchange The New York Stock Exchange (abbreviated as NYSE, and nicknamed "The Big Board"),[6] is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far[7][8] the world's largest stock exchange by market capitalization of its listed companies at US$21.3 trillion as of June 2017.[3] The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.