Image for Facebook Shares Finish 23 Cents Higher After First Day Of Trading

Facebook Shares Finish 23 Cents Higher After First Day Of Trading

Written by Kiel Egging on May 19, 2012

Facebook‘s shares have finished 23 cents higher than their opening price after a rollercoaster first day of trading in the USA.

According to Noise11, finance experts have called its opening day of trade on the stock exchange “a disappointment” after it closed only 0.61% up on its initial price of $38/share.

Throughout the day, the $38 initial stock opened at $42.05 and reached a high of $45.00 at one stage, before falling and finishing at $38.23.

A whopping 580.4 million shares in the company were purchased, with a closing value of around $18 billion all up. The shares took Facebook’s total values to around $104.6 billion.

The arrival of Facebook on the stock exchange has made its founder, 28-year-old Mark Zuckerberg a very happy (and wealthy) man – netting him an extra $20 billion in one day.

TMZ posted a video of Mark outside his house in Palo Alto, California – and despite obviously avoiding the cameras, from what they could gather, he looked pretty satisfied with the boost to his bank account.

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