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Facebook held its initial public offering (IPO) on May 18, 2012, which was the largest technology IPO and one of the largest Internet IPOs ever at a peak market capitalization of over $104 billion. The IPO was priced at $38 per share despite concerns about whether the company was overvalued. On the first day of trading, the stock price rose as high as $45 but then struggled to stay above the IPO price for most of the day due to technical issues, ending at $38.23, just above the IPO price. The IPO raised $16 billion, making it the third largest in U.S. history.
Facebook held its initial public offering (IPO) on May 18, 2012, which was the largest technology IPO and one of the largest Internet IPOs ever at a peak market capitalization of over $104 b…