[Reuters] Facebook shares rise 11 pct in frenzied trade

Posted by: UGN Security

[Reuters] Facebook shares rise 11 pct in frenzied trade - 05/18/12 08:49 AM

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc shares opened 11 percent higher on Friday, after the pioneering online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.