Facebook's IPO literally fell flat today. Priced at $38.00, it quickly rallied at the opening to $43, but plummetted from there as hundreds of millions of shares were sold. The finish of $38.23 is widely seen as a profoundly dismal performance, and the stock price is prone to steep falls in the coming days. Without the heavy buying interventions of the Underwriters the share price would have ended below $35.00 today, a drop of about 8%, and 28% below today's best level.
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