Facebook Inc, the California based world’s largest social networking site rang the bell on NASDAQ on 18th May, 2012. What started off as a simple algorithm in a dorm in Harvard is now publicly listed at $38 per share to raise $18.4 billion.
So what were investors expecting out of this public offering? Will the shares ride high on the wave of retail investor’s optimism? Facebook is valued at $104 billion at the IPO price but is it really worth it?