Facebook’s shares dropped below $20 to a new low yesterday, extending a slump that has marred the third-biggest US initial public offering and dented retail investor confidence in equity issues.
The shares suffered after the first expiration of a ban that prohibited pre-IPO investors from trading their stocks, releasing 271m shares.
Almost 2bn shares will become eligible for trading over the next 10 months. Analysts expect the most volatility in November when the largest tranche, held by Facebookemployees, will be freed.
您已閱讀32%（524字），剩余68%（1104字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。