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Empresas y finanzas

Facebook falls below $38 issue price in premarket


    By Chuck Mikolajczak

    NEW YORK (Reuters) - Facebook Inc shares fell below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its debut on Friday.

    The social networking company's debut was marred by a shaky opening on the Nasdaq which will be reviewed by the SEC and a falling share price which forced lead underwriter Morgan Stanley to defend the $38 price level by purchasing shares on the open market.

    Shares were down 2.4 percent to $37.30 in premarket.

    (Reporting By Chuck Mikolajczak; Editing by Theodore d'Afflisio)