Facebook IPO Trading Delayed (update)

Posted: May 18 2012, 10:22am CDT | by , Updated: May 20 2012, 3:35am CDT, in News | Technology News

 

Facebook IPO Trading delayed
 

Facebook (FB) was expected to start trading at 11 am ET.

Facebook shares are trading later than expected.  It is 20 minutes after 11 am and traders are getting anxious. Twitter is lighting up with tweets wondering what the delay means. Are NASDAQ servers over loaded? Or is this delay just a way to calm things down?

We will continue to update this devolping story. Did you place an order for Facebook shares?

Update:

Facebook just started trading, 30 minutes delayed. FB popped to $42 in the first seconds of trading. FB shares are dropping. Now trading at $40 just minutes after the trading began. It could be that Facebook ends the day below its IPO price.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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facebook | update | delayed