Facebook second-worst IPO after share lock-up

August 17, 2012 | Filed under: AM Roundup | Posted by:
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Facebook’s 6.3 percent drop yesterday – after the restrictions on new stock offerings were lifted – marked the second worst performance of any newly public company since January 2011, said Bloomberg.

Only social-game maker Zynga tumbled more – 7.9 percent – on the day the restrictions were lifted.

Read more at Bloomberg.