Can anyone clarify whether the IPO was technically at $38 or $42? On the day of the IPO, everyone in the press was saying the price was $42. But now a lot of the online charts (google finance, yahoo finance, etc.) are showing it opened at $38. Obviously there were a lot of technical glitches that morning. What is going on here?
The very first trade of a stock in the open market is by most accounts considered the IPO price or opening bid which for FB was 42.05. The IPO offer price was $38.
Worth to say thou that the real price was 42$ in fact. I bought via my bank and I could not get a trade confirmation for days (even big banks like UBS did sue about this) so it was more 42$ than 38$ for the few unlucky :)
Okay, I feel crazy but I definitely thought the IPO was $50, or I'm positive that I read that somewhere. Looking on google it seems like that was the expected price jump on the first day.
