All That For 23 Cents? Facebook IPO Starts Off Strong, Sputters Late On First Trading Day

$0.23: That was the share-price gain for perhaps the most-hyped initial public offering in history, as Facebook shares began trading a half-hour late, at 11:30 a.m. ET, at $42.05 apiece, well above the set opening price of $38, but pretty much went downhill from there.

$0.23: That was the share-price gain for perhaps the most-hyped initial public offering in history, as Facebook shares began trading a half-hour late, at 11:30 a.m. ET, at $42.05 apiece, well above the set opening price of $38, but pretty much went downhill from there.