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.
FacebookFacebook 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
President Trump and first lady Melania Trump lit the National Christmas Tree for the first time. The program was hosted by television personality Kathie Lee Gifford and actor Dean Cain and featured performances by the Beach Boys, Jack Wagner, Wynonna Judd, Craig Campbell and others.