Facebook goes past IPO price for the first time, hits $38.08

Posted By: Religare
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Facebook has finally managed to overcome its rocky history and managed to shoot past its USD 38 IPO price for the first time since its initial public offering more than a year ago.

Shares of Facebook Inc were up 1.2 per cent to USD 38.08 in yesterday's morning trading.

Facebook has witnessed a bit of revival since reporting stronger-than-expected earnings on July 24.

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