Facebook shares rebounded in afternoon trading after touching a low of $38 on its first day of public trading Friday.
The stock opened 11 per cent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. It has since settled at around $40.96. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.
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After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company's closely watched stock began trading at $42.05, compared with an IPO price of $38.
Follow our live blog as The Star covers the social networking giant's historic first trading day, including analysis and reaction.
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