Facebook CEO and founder Mark Zuckerberg rang the opening bell remotely, from company headquarters in California.NEW YORK (CNNMoney) — Facebook’s stock market debut is finally here — and investors jumped on the breathlessly hyped IPO, sending shares up almost 11% at the start of trade.On Thursday night, Facebook (FB) set its final IPO price at $38 a share. When the stock began trading at 11:30 a.m. ET on Friday, the first trade came in at $42.05 per share.But the stock quickly reversed course, dropping down to hover right around the $38 IPO price
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Click on chart to track marketsNEW YORK (CNNMoney) — U.S. investors continue to worry about Europe’s sovereign debt issues, with stocks opening little changed ahead of Facebook’s debut on the Nasdaq.”The excitement of Facebook’s IPO this morning overshadowed the market’s ongoing concerns about Europe,” wrote Kathy Lien, director of currency research for GFT, in a market research note.The Dow Jones industrial average (INDU) gained 5 points, or 0.5%, the S&P 500 (SPX) added 2 points, or 0.2%, and Nasdaq (COMP) rose 3 points, or 0.1%.Facebook (FB), which priced its initial public offering at $38 a share after the closing bell Thursday, will start trading later Friday morning. The offering raised $16 billion, making it the most valuable tech IPO in history.But the European debt crisis is still looming over world markets.
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