Facebook's initial public offering on May 18, 2012, raised 16 billion dollars and valued the company at 104 billion dollars, then the largest technology IPO in history, but the stock's debut was marred by technical glitches on the NASDAQ exchange and the shares fell sharply below their offering price in subsequent months. The IPO nonetheless became one of the most closely watched public listings of the social media era and, after recovering, cemented Facebook's status as a dominant global technology company.
Facts
Event TypeInitial public offering 1 Cross-Tradition Connections
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