The most hotly anticipated and exciting IPOs of the year, Facebook, finally went public in 2012. With the largest IPO for a tech company in history, everyone’s favourite social media site entered the game, valued at $104 Billion USD, before snapping up photo-sharing giant Instagram.
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2012: The year Facebook went public
After lots of problems and botched IPO,the stock went public
and plummeted by $38/share.
After the NASDAQ admitted to a technical glitch on opening day and Morgan Stanley was fined for influencing share sales, the stock hit a low of $17.55 in early September. After outrage over privacy changes and its effects over Instagram, the social media giant has yet to recover.