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Facebook IPO falls flat in debut

India Infoline News Service/ 11:26 , May 19, 2012

Reports stated that Facebook shares were up 23 cents, or 0.6%, at $38.23.

Facebook Inc shares close with gain on its first session of trading following its initial public offering, according to reports.

Reports stated that Facebook shares were up 23 cents, or 0.6%, at $38.23.

The company sold 421.2 million shares in its IPO, with trading volume at the end of the session reaching about 567 million, says report.

 



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