Cycle Trading

Facebook raised 16 Billion from shareholders from its IPO

Comparison

Google raised 1.67 Billion
ZYNGA raised 1 Billion
GROUPON raised 700 Million
ORBITZ raised 510 Million

Facebook was the third biggest IPO in US History
Behind Visa at 17.9 B & ENEL SPA at 16.5 B

(The above facts courtesy of Esquire.com)

So lets look at the intraday chart

AS you might expect, Facebook charged out of the gates and jumped up $7 a share to $45.

But that quickly reversed and sold of to 38.
FB closed up for the day at 38.23 – hardly inspiring considering the historic commotion leading up to today.

What was historic was the SOS

Facebook’s first day was greeted with a Historic Selling on Strength print.
3,654
That’s 3 billion 6 hundred 54 million in selling on strength

Disclaimer:
—– > I have not done the research to back up the following assertion < ——

I do not believe that has ever been an IPO that combined this much fan fair and to print such an unbelievable SOS number.

In fact, I have never seen such a large print for SOS either.

Makes me wonder if this is a signal of coming attractions…