On May 18, 2012, Facebook became a publicly traded company. Facebook’s stock has had some definite peaks and valleys since then. The value of the company has yet to reach its opening mark of $38 per share, settling in the $26-$28 neighborhood. MarketWatch compiled a timeline of Facebook’s year after the initial public offering.
Here’s a look at how the company’s stock price has risen and fallen since it went public:
Facebook filed for its IPO Feb. 1, 2012, but it then amended its proposal May 8, only a few days before the IPO. On May 17, the first day that Facebook could be traded, shares of the company hit as high as $45 each before falling back to just 23 cents above the IPO value of $38.
From August through January, the cost of a share of Facebook languished below $30 (and sometimes even below $20) before a strong fourth quarter boosted the price to greater than $30. It hasn’t recovered since.
Click here to view the full timeline.
Readers: Do you think Facebook will ever get above $35 per share again?