Did Facebook's IPO set any records at the time?

Yes, Facebook's IPO set several records at the time:

1. **Largest Tech IPO**: Facebook's IPO was the largest initial public offering (IPO) by a technology company at the time of its debut in May 2012. The $16 billion raised by Facebook surpassed the previous record held by Infineon Technologies, which raised $5.9 billion in its IPO in 1999.

2. **Third-largest U.S. IPO**: Facebook's IPO was also one of the largest IPOs in U.S. history. With $16 billion raised, it ranked as the third-largest IPO in the United States, trailing only Visa Inc. ($17.9 billion) and General Motors Co. ($18.1 billion).

3. **Highest Valuation for Internet Company**: Facebook's IPO valuation of over $100 billion at its IPO price of $38 per share made it one of the highest-valued internet companies at the time of its debut. It surpassed previous valuation records set by companies like Google and Amazon.

4. **Most Shares Traded on First Day**: Facebook's IPO saw significant trading volume on its first day of trading, setting a record for the most shares traded on an IPO day. The high demand for Facebook shares led to heavy trading activity, with millions of shares changing hands on the Nasdaq stock exchange.

While Facebook's IPO set several records at the time, it also faced challenges and controversies, including technical glitches on the Nasdaq exchange, concerns about the company's valuation, and lawsuits from investors alleging inadequate disclosure of financial information. Despite these challenges, Facebook's IPO marked a significant milestone in the company's history and in the technology industry as a whole.

Yes, Facebook's initial public offering (IPO) set several records at the time:

1. Largest Technology IPO: Facebook's IPO was the largest technology IPO in history at the time, raising $16 billion.

2. Third-Largest U.S. IPO: Facebook's IPO was the third-largest initial public offering in U.S. history.

3. Largest Market Capitalization at IPO: Facebook's IPO resulted in a market capitalization of approximately $104 billion, making it the largest valuation for a newly public company at the time.

These records demonstrated the immense investor interest and anticipation surrounding Facebook's IPO, reflecting the company's status as a leading player in the technology industry.