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On May 18, 2012, Facebook launched its IPO by selling 421 million shares at a price of $38 per share. Almost immediately the price of
On May 18, 2012, Facebook launched its IPO by selling 421 million shares at a price of $38 per share. Almost immediately the price of Facebook stock rose as high as $45 per share, but there were signs of trouble. Technical problems on the NASDAQ stock exchange caused millions of orders for Facebook shares to be wrongly placed. Even worse, during the first month after Facebooks IPO, its share price fell to $30. Q1 ) What was the percentage drop in Facebook shares in its first year as a public company? Solve on excel
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