Sun, May 20, 2012 - Page 11 News List

Facebook IPO falls flat on its face

ANTI-CLIMAX:The wildly successful social networking company defied analysts’ sky-high expectations at its Wall Street debut and closed almost at opening price

Reuters, SAN FRANCISCO, US

The weak IPO may also give pause to private investors in Silicon Valley who have been pouring money into next-generation Internet companies at very high valuations in the hope of eventually taking them public.

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