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Comment by thejerz | Hacker News Reader

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?

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The IPO price was $38. When it opened the price rose to $42 in early public trading before the price started to fall.

http://www.businessinsider.com/this-is-what-traders-saw-when...

I believe it IPOed at $38.

"The $38 IPO price is the rate at which Facebook's underwriters will sale shares to their clients."

http://money.cnn.com/2012/05/17/technology/facebook-ipo-fina...

38 dollars per share was the price that the institutions who participated in the IPO paid. Facebook received slightly less than that.

Investors who paid 42 per share at the IPO received shares from the underwriters.

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.

http://seekingalpha.com/article/217235-ipo-offering-vs-openi...

http://i.stack.imgur.com/35bNv.jpg

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.

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