The big day has finally come and gone – Facebook’s IPO that is. It began the day trading — under the NASDAQ symbol “FB” — at $42 / share, but closed flat at $38.23 / share, $.23 higher than the initial estimate. However, this IPO does take him the award of being the fastest traded in history, with 2.7-million shares changing hands every second within 30-seconds of it going live. Continue reading for a video, more pictures, and additional information.
However, a staggering 82million Facebook shares were sold within the first 30 seconds of trading today as the social network giant launched on the stock market with a value of $104billion. Mark Zuckerberg rang the morning bell at 9:30 EST from Facebook headquarters in Menlo Park, California, to launch the second-largest IPO in U.S. history – and to instantly increase his personal wealth by as much as $20billion.