Facebook shares open at $42.05, an 11% increase from the company’s $38 IPO price.
Facebook’s IPO, the third largest in U.S. history, is on track to raise $16 billion and give the company a valuation as high as $107 billion.
Founder Mark Zuckerberg raised $1.1 billion in the offering and holds a remaining stake worth around $19.1 billion.
Read More about IPO investment here: http://monfinance.com/2012/03/21/tips-for-investing-in-initial-public-offering-ipos/
Source: CNN Breaking News.