Posts Tagged ‘Facebook Stock Price Prediction’
The speculation of Facebook to be public company was started years ago and finally with Facebook Inc filled for IPO on February 2012, it meant that Facebook Inc is ready to go as a public company and pioneer in Internet business. The post IPO value of Facebook Inc was estimated up to 96 million dollar and many business experts thought that it was too high for social media business like Facebook. Based on poll held in May 8th 2012, ten days before official release of Facebook stock trading, 79% investors said that Facebook didn’t deserve for that high value. Before the official release, facebook stock price prediction was made and Facebook stock would be released at $ 28-35 per share.
May 18th 2012, Facebook was finally made its debut in NASDAQ and what happened there was different than facebook stock price prediction because Facebook stock was successfully opened at $ 42.10, higher than the expectation. Therefore, this high opening must go down in the end. After this first open, the stock price reached $45.00 but it was closed in $38.12. From its first day performance in NASDAQ Index, the business experts can’t make facebook stock price prediction yet because there are some conditions that were not predicted like the technical problem with NASDAQ exchange and it made Facebook first debut was not optimal.
One thing dealt by the business experts is that Facebook Inc needs more than just millions users to make it become the future pioneer in Internet business. There are many challenges will be faced in the future and the Facebook team should have creativity to bring the success to this company. It won’t be an easy job but at least the first record of Facebook first day debut brought the optimism that Facebook Inc has potency to be a larger company tomorrow.