Facebook CEO Zuckerberg rings Nasdaq opening bell

May 18, 2012 11:05 pm | Updated November 16, 2021 10:44 pm IST - NEW YORK:

In this image released by Facebook, founder Mark Zuckerberg (centre) speaks from the Facebook Menlo Park, California, headquarters, as he remotely rang the bell to open the Nasdaq on Friday.

In this image released by Facebook, founder Mark Zuckerberg (centre) speaks from the Facebook Menlo Park, California, headquarters, as he remotely rang the bell to open the Nasdaq on Friday.

Setting the stage for the much-awaited trading of Facebook, its founder and CEO Mark Zuckerberg, on Friday, rang the opening bell at the Nasdaq stock exchange.

Mr. Zuckerberg rang the bell from the headquarters of Facebook in California.

The popular social networking site would be the largest U.S. company at its debut with a market value of $104 billion. Standing outside his Menlo Park company headquarters, Mr. Zuckerberg was surrounded by executives and hundreds of employees as he rang the opening bell and signed on a glass podium. — PTI

Leaps in market debut

AFP reports:

Facebook shares leapt some 12 per cent in opening trade on Friday, then pared their gains, as the wildly popular social network made a splash in its market debut.

The shares, priced at $38 in the largest-ever initial public offering for a technology company, jumped to $42.55 in the opening Nasdaq trades before settling back with more moderate gains.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.