statista compares Facebook’s IPO to the initial public offerings of some of the other large tech companies.
While Facebook’s IPO was one of the largest ever their stock didn’t have the first day pop of some of the others. In my view that was largely due to an aggressive valuation in excess of 100 x 12 month trailing earnings.
Facebook, Inc. (FB)
$34.03 May 21, 4:00PM EDT