real-time news and commentary for investors
Friday, Aug 2
It finally happens: Facebook closes above IPO price
- Facebook (FB +1.4%) closed at $38.05 today, marking the first time since the company's initial trading day that shares closed above their $38 IPO price.
- Analysts continue to sing Facebook's praises in the wake of its huge Q2 beat, generally while highlighting its mobile ad growth.
- Today's milestone caps what has been euphoric 10-day period for several recent Internet IPOs. In addition to Facebook's huge post-earnings gains, Yelp, LinkedIn, and Trulia have taken off thanks to strong Q2 reports.
- Previous: Facebook roundup