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Facebook’s tumultuous journey back to its IPO price of $38

By Gina Chon
Published Last updated This article is more than 2 years old.

Facebook finally did it. More than a year after going public in May 2012, the company’s shares finally hit their IPO price of $38. The stock jumped above the symbolic mark for a few minutes this morning, but is now trading slightly below it. The recent surge in Facebook’s stock follows better-than-expected earnings last week.

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