Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook’s public stock offering last year.
LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn’t be more different.
Shares of Ruckus Wireless Inc. fell Friday after raising $126 million in an initial public offering of stock.
Facebook’s biggest lock-up period – a time following an IPO that prevents insiders from selling stock – expires on Wednesday.
Shares of cloud-computing firm Workday rocketed higher in their first day of trading on the New York Stock Exchange.
Facebook’s stock was down sharply after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering.
Facebook CEO Mark Zuckerberg is acknowledging his company’s falling stock price, but he says Facebook has overcome hurdles before.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
Yelp’s stock is passing one of its biggest stress tests since the online business review service went public nearly six months ago.
Facebook’s beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.