Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
On Thursday night, Facebook 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 -- a gain of nearly 11%.
But the stock quickly reversed course, dropping down to hover right around the $38 IPO price for much of midday trading. Though shares rose modestly for short bursts of time throughout the day, they ended the session at $38.23.
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