In fact, the stock closed higher only three times since then, including its first day, when it closed at $38.23 a share. That's not much of a showing for a tech IPO, especially one that was as hyped up as Facebook. Consider LinkedIn (LNKD). On its first trading day, the stock doubled (priced at $45 and ended the day at $90). Groupon (GRPN) was another hot tech IPO. Its stock surged 30% when it debuted. Of course, one good, or even great for that matter, day doesn't spell long-term success. After a series of missteps, Groupon's stock is now trading at half its IPO price.
Source
Linear Mode
