Facebook IPO- Opening day Boom or Bust?

Well with lots of excitement and energy surrounding the Facebook IPO opening today it came with nice pop to the upside at around 11% but gradually loosing steam with shares closing at around $38.23 with the last half hour of everyone on their seat watching. 

Most investors and economist were really hoping for a bigger boom like something to the tune of shares rising 30-50% from the opening, but that simple did not happen, and left allot of room to disappoint concerning the real value of Facebook.

I know the singer Bono doesn't feel this way ever since he owns a 2.3% stake in the company since 2009 and with todays real world value that puts him around $1.5 Billion- 16 times his initial $90 Million investment.  Not a bad deal huh?
I guess only time will tell when the market gives a more accurate reflection of the value of Facebook and what investors are really Ok with paying for their share in the company.   And with a initial IPO price that's more than 100 times historical earnings, compared with Apple 14 times and Google 19 times it leaves you with a bad taste in your mouth and the thought was this too risky of a bet to take?

But only time will tell and numbers don't lie-  so lets wait and see!

have a great weekend everyone and relax.