Facebook is ending 2013 on a high note
The company’s stock topped $58 a share in early trading Monday, a gain of 5.5% for the day and a new high for the public company
The stock surge comes on Facebook‘s first full day on the Standard & Poor’s 500, a blue chip index that comes with a broader base of investors. Facebook officially became a member at the close of trading on Friday after several months of rumors
The company also priced its secondary stock offering at $55.05 a share on Friday, setting it up to raise another $1.5 billion on top of the $16 billion it raised from the IPO last year. Some of that money may be put toward acquisitions in the future. Read more…
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Read more : Facebook Stock Hits New High After Joining S&P 500
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