Facebook shares were one of the most hyped tech stocks of last year. At its initial public offering price of US$38 (RM114) a share, this US$108bil (RM324bil) offering was one of the most significant listings of tech companies.
While investors initially salivated at its seemingly limitless potential, reality set in when during its listing on May 17, 2012, the IPO failed to perform.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
