Perspective on the current status of the Facebook IPO

So this was just over two weeks ago:

Facebook boosts IPO share price amid hot demand

By Charlotte Raab | AFP – Tue, May 15, 2012

Amid signs of strong investor demand, Facebook on Tuesday boosted the share price estimate for its stock market debut, giving the leading social network a value that could top $100 billion.

Facebook will price its initial public offering (IPO) between $34 to $38 per share, up from a range of $28 to $35, according to paperwork filed with the US Securities and Exchange Commission.

I know it isn’t really news that Facebook’s stock is down, but given the initial valuation, I do think it’s worth noting that yesterday saw the price drop below $28 for the first time, before settling on 28.19 at the closing bell:

Really, this was something I would have preferred to share on Twitter, but sometimes 140 characters just doesn’t cut it.

FTR, ‘it’ was word number 142.


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