Facebook IPO

[ceyko]

Not sure if I'm retarded, but I don't see 250K as a requirement. Either way, seems like they are not just dumping them out there. These stocks are too risky for my blood to be honest. I rather just hold stocks for a few quarters/whatever and go from there.

[01vnms4v]

Well since most you are DFWM ballerz in order to buy any stock when it becomes avail for the public which will be way after the opening bell, you need in to show you have more than $250,000 in the bank to buy FB stock.

This all per ABC News last night tell is that the avg joe is SOL.

Just saying to you Ballers your still out of luck

The company is offering 421.2 million shares of common A-class stock, which includes 180 million new shares sold by the company and 241.2 million shares sold by existing shareholders, such as early investors in the company and Facebook's founders.

Facebook's lead underwriter, the investment bank Morgan Stanley, determined who got shares of the company before shares are sold to the larger public on Friday, said Jim Krapfel, IPO analyst with the Morningstar investment firm.

Morningstar has valued the company at $32 a share. But all of the 421 million shares were sold Thursday at the $38 offering price to those investors who met the minimum buy-in requirements.

Some of those "prestige clients" are large institutional investors who manage workers' 401(k) funds. But an individual with a $10 million brokerage account at Morgan Stanley could buy Facebook stock on Thursday for $38 a share. And those individuals can sell those shares today, when the price is expected to jump to $50.

"The higher your account size and the more business you do with the company, or if your track record indicates you purchased technology IPOs in the past, you're more likely to receive shares and are likely to get a higher allocation, but there's no guarantee," Krapfel said.

Stock analyst Max Wolff said, "The IPO allocation is an elite lottery system, where people who don't need to win are invited to play."

"The elite have a chance to deliberate and evaluate the assets, and then the general public comes in later for the feeding frenzy," said Wolff. If you chase these shares in the open market, that's likely an expensive proposition, says Wolff.

Morningstar has valued the company at $32 a share, though Krapfel anticipates Facebook shares will trade around $50 or higher.

The largest U.S. IPO of all time was that of Visa, which had a size of $17.9 billion at $44 a share in March 2008.

http://abcnews.go.com/Business/faceb...ry?id=16372015

[grove rat]

in 9 months facebook will be the next myspace

[slow99]

$38

http://www.cnbc.com/id/47464204

Facebook priced its historic initial public offering at $38 a share, at at the high end of the expected range of $34-$38, becoming the largest internet IPO in history.
Facebook
AP

The deal will raise the social networking giant around $16 billion in proceeds, and value the company at more than $100 billion.

Facebook is set to begin trading Friday at around 11 am on the Nasdaq under the ticker “FB” [FB 38.00 --- UNCH ]. (Click here to read the company's press release about its pricing.)

The social networking giant is on track to sell 421 million shares as part of the offering, roughly 60 percent of which are coming from insiders and other existing shareholders.

Including the overallotment (a 30-day option underwriters have to include an additional batch of shares in the deal), Facebook could raise up to $18.4 billion, which would make it the second largest IPO in U.S. history, behind only Visa, which raised $19.7 billion when it went public in 2008.

"It's about what we expected," Josh Brown of Fusion Analytics told CNBC's "Closing Bell" show. "I think the stock opens up at a premium from there."

A quick surge in Facebook could help left the broader market, which has suffered through a brutal sell-in-May-and-go-away period.

"It will probably be a positive for the market overall tomorrow," Brown added. "This is a really dreary atmosphere, but something like a Facebook could really make people feel a little bit better about wading back into some Nasdaq names."

Facebook CEO Mark Zuckerberg, meanwhile, actually stands to lose some of his standing as one of the richest people in the world. Zuckerberg, who helped develop what was called "the Facebook" while an undergraduate at Harvard, is now worth $16.5 billion but that number will shrink to about $15.5 billion after the stock starts selling, according to calculations from Forbes.

[Captain Crawfish]

Westport Innovations WPRT is doing well I see.....

have since moved on to better opportunities! Made good money on that one

[Denny]

And ignorance. 99% of people think if they buy a stock on the first day it's trading on the open market they're "buying the IPO".

Just buying the hype. LOL!

I am curious to see where it'll go, for entertainment purposes.

[slow99]

No one here is buying shit, this was a solid barg thread. Most people (most) on here aren't in the position to get in on the IPO.

And ignorance. 99% of people think if they buy a stock on the first day it's trading on the open market they're "buying the IPO".

[Broncojohnny]

Yep. Don't act like you haven't partaked in a few in your time.

Westport Innovations WPRT is doing well I see.....

[Denny]

classic pump dump be quick

Yep. Don't act like you haven't partaked in a few in your time.

[roliath]

so what the hell would someone be buying?

No one here is buying shit, this was a solid barg thread. Most people (most) on here aren't in the position to get in on the IPO.

[Stephen]

So whos going to be buying this. They set a price in the $28 to $35 range. Funny thing is I don't even do social media, but I'll probably buy some of this stock and make money off all the folks that do.

so what the hell would someone be buying?

[YALE]

classic pump dump be quick

Use some of your day trading meeelions, and buy a conjunction.

[Captain Crawfish]

classic pump dump be quick

[Captain Crawfish]

You go on and buy some like the rest of the sheeple

Watch for sharks

[Broncojohnny]

Is there a brokerage that would permit the common Joe to buy these IPO shares, or is it invite only w/ $x minimums?

Yea, they allocate shares to their best clients first, unless it is a shitty IPO that no one wants, you aren't going to get many shares.