What was the IPO price of Facebook?
When social media titan Facebook, now operating as Meta Platforms, completed its highly anticipated and heavily publicized initial public offering on the Nasdaq stock exchange in May 2012, the enterprise officially priced its shares at thirty-eight U.S. dollars per share. This valuation placed the total initial market capitalization of the social network at over one hundred billion dollars, making it one of the largest technology IPOs in history at that time, despite initial technical glitches on the exchange and subsequent short-term volatility before its mobile advertising strategy drove massive long-term equity gains.
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In its full form, "FB" historically stood for Facebook, the massive social networking service founded by Mark Zuckerberg in 2004.
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In the financial markets and corporate world, FB was the iconic ticker symbol for Facebook, Inc., now known as Meta Platforms, Inc.