By now, I’m sure you’ve heard about the Facebook IPO taking place on tomorrow. If you haven’t then you’ve been hiding under a rock. Honestly, what’s all the fuss about? Do you actually think you have a shot at getting some of this coveted stock when it hits the stock market tomorrow? Good luck with that.
There are so many questions surrounding this IPO. However one of the main questions is about the value of the stock. Is the stock worth the price of $38? Is the company really worth $104.1 Billion? If so, that would make it the 40th largest company in the world putting it ahead of companies such as Amazon. That’s pretty impressive.
Tomorrow, the stock will go on sale, under the ticker symbol FB o the Nasdaq, at 11:00 a.m. ET and there’s sure to be a frenzy and of course a lot of volatility as investors scramble to purchase as much as they can get their hands on. I honestly doubt if people like me and you will be able to get any of it and I’m not sure if we want to. There have been both negative and positive reactions and opinions about whether purchasing Facebook stock is a good idea.
So the question still remains… should we buy or not buy Facebook Stock?