Shares of Facebook for the first time has surpassed its IPO price ($38). In the morning trade FB shares are traded at $38.08, for the first time since its rocky initial public offering more than a year ago. After listing, the shares had touched a low of $ 18, last November.
The world's biggest online social network has been on a roll since reporting stronger-than-expected earnings, recently. Investors are especially upbeat about its fast-growing mobile advertising revenue.