So far today, Facebook’s IPO “faceplants”…I realize the day’s not over and there’s still time for redemption, but it’s not a good start, in my opinion.
Contrast this to BIDU’s IPO on August 5, 2005 (don’t forget that BIDU has had a 10-for 1-stock split since it’s IPO, so the low was, in fact, 60.00 and the high reached 151.20):
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