Facebook listed on Wall Street, starts trading with over 10% premium
New York: Social networking site Facebook, whose 900 million user strength is only behind China and India's populations, went public on Friday as its much sought- after shares got listed at Nasdaq and the stock is trading at USD 41.10, much above its IPO price of USD 38 in early trade.What began in a Harvard dorm room as a platform to connect college mates in US eight years ago, Facebook today is valued at 109.36 billion after it raised a whopping USD 16 billion in a much-trumpetted IPO (Initial Read more [...]