Facebook is going IPO in next few days. We had started a similar post during LNKD IPO which proved very popular (31 responses). So its but natural that we start a post to capture the mother of all IPOs.
As compared to LNKD offering, this time folks who have a Etrade account can attempt to get some of the stock at the IPO price (23$-35$ expected range).
Are you getting IN on the FB bandwagon? I want to and have already put in an order thru Etrade to participate in the IPO offering. Now its wait and watch and pray. 🙂
With Facebook IPO, entire ecosystem of Social Networking industry is expected to bounce back. Zynga, EA,etc are few stocks talked about everyday and linked to FB IPO. If not FB will you invest in shares linked to it?
Based on the past experience in getting hot IPOs from E*Trade – i would think getting FB at IPO prices is almost NIL..
Although i did get one IPO way back in the dot-com boom time from Etrade (not a hot IPO)…but subsequent tries for other hot IPO (like MA, etc) did not get any allocation from E*Trade…They have some kind of allocation mechanism which they do not give info out..
Like other underwriters – It is mostly based on how much business you give to the company (like trades, investment, etc).
Nevertheless it does not cost a penny in trying 🙂 and putting your order in E*trade if you have an account…
Ofcourse Etrade employees and their spouse cannot apply 🙁
Etrade allocated 50 shares at IPO price (Less than the number that i had asked for). But I own a small stake in FB now. 🙂
Ouch. At 34.
At 29$ now. This is one sad story.
Wait till it goes below 20. Thank etrade for giving you a very very small share.