Facebook, which had the largest tech initial public offering in U.S. history, climbed back to its IPO level on July 31, more than a year after its public debut. So, what is happening with other tech companies whose IPOs were highly anticipated? Here’s a look at where some of them are now.
Facebook Facebook became the third-largest initial public offering in U.S. history on May 18, 2012, and the largest U.S. tech IPO as it raised $16 billion. The social networking behemoth suffered a brutal first day of trading, closing at $34.03, well below its $38 IPO price. The company’s time on the market has been rough until recently. Facebook stock popped above its IPO price July 31, as investors noted that the company finally has a handle on its two major problems: mobile users and its long-term ads strategy, according to The Post’s Hayley Tsukayama. Shannon Stapleton/Reuters Buy Photo