Last price69.80Prev Close70.84
Day Low69.47Day High71.18
52 Wk Low22.9052 Wk High71.57
Facebook Stock Ends Disappointing Year One; Any Shot at a Comeback?
One year ago, Facebook stock (Nasdaq: FB) made its trading debut in one of the most highly anticipated initial public offerings ever.
While it's okay to offer a congratulatory happy anniversary, it's been anything but a honeymoon for the company and investors.
Some 421 million shares were sold, raising $16 billion, giving Facebook a whopping $104 billion valuation.
Then the disastrous story began: Shares were priced at $38, opened at $40, and then, within 10 market hours after the pricing, Facebook stock flailed. Technical glitches at the Nasdaq caused a delayed open, late executions and reports, and mispriced trades.
Lawsuits are still pending.
If this Works, Facebook Stock Could be the "Buy of the Decade"
Facebook stock is one of the most controversial stocks in existence today.
With one billion users, investors have been waiting to see if Facebook's business model can pay off, especially after its IPO tanked.
Today, Money Morning's own e-commerce director, Bret Holmes, is going to give you the inside scoop on Facebook stock. Not some theoretical financial analysis, but what the future looks like for Facebook, from a guy who understands e-commerce and can explain how Facebook stock could be the "buy of the decade" for investors.Click here to watch the interview.
IPO Performance of 2013: Check Out Winners and Losers
2013 has been a strong year for IPO performance so far.
About 40 deals have been priced through the second week of April, and 33 of the deals have moved higher in the secondary market with an average gain of more than 20%.
If you missed these profits, don't worry. There is no sign of any slowing in the IPO market, as there are currently nine deals already scheduled for the next two weeks. In fact, IPO dollar volumes for the year so far are nearing the $9 billion mark, on par with the levels seen in 2012.
Let's take a look at the biggest and best IPO performances so far in 2013.
IPO Calendar 2013 Heats Up With These Five New Offerings
After a slow start to April with just one deal scheduled for pricing, the IPO calendar is getting crowded again in the second week of the month.
The equity markets remain fairly strong and recent IPOs have performed very well so there is strong institutional demand for equities in general, and new offerings specifically.
As long as the market is propped up by an aggressive U.S. Federal Reserve policy, stock prices should stay firm and that makes for favorable conditions for new equity offerings.
Here are five to keep on your radar.
IPO Calendar 2013: Don't Miss SSNI, MODN
The IPO calendar for 2013 is starting to get more crowded as spring approaches.
The aftermarket for initial offerings has been especially strong as investors are rewarded for investing in new ventures and private equity cash outs.
Analysts expect the pace of offerings to continue to increase as the demand has been very strong and the equity markets are at or approaching new all-time highs.
There will be two deals pricing in the next couple weeks and several larger deals are expected by the end of the month, including the widely anticipated Sea World offering.
In the last few days there have been two deals added to the upcoming IPO calendar with specific pricing dates coming in the next couple weeks.
IPO Calendar 2013: Who to Watch in March
After a very quiet end to February, several high-profile deals should make the initial public offering (IPO) calendar for March 2013.
The year has gotten off to a great start with strong market performance by newly public companies. Overall there have been 20 IPOs so far this year and 17 are currently trading higher than the offering price.
One of the biggest has been Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH) with a blistering gain of more than 50% in just a few weeks.
March will see a slow but interesting start with just two deals coming to market in the first week of the month.