Facebook IPO

Dangelus · May 11, 2012, 12:08:04 PM

Quote from: Bromptonboy on May 11, 2012, 11:43:39 AM
Looks like Eduardo Saverin is giving up his US citizenship before the IPO:

http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html

It's pretty sad that people value their citizenship in $....

Rico · May 14, 2012, 08:34:36 AM

Quote from: Dangelus on May 11, 2012, 12:08:04 PM
Quote from: Bromptonboy on May 11, 2012, 11:43:39 AM
Looks like Eduardo Saverin is giving up his US citizenship before the IPO:

http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html

It's pretty sad that people value their citizenship in $....

Keep in mind Saverin is not a US born citizen. He claims the reason is not just to avoid taxes on the impending Facebook IPO but it sure seems like a big coincidence. Besides, I always wonder with things like this how much money does one person really need?

http://business.time.com/2012/05/14/facebook-co-founder-gives-up-u-s-citizenship-is-he-ungrateful-or-heroic/

Rico · May 17, 2012, 02:18:47 PM

So, anyone buying stock tomorrow? :)

http://news.cnet.com/8301-1023_3-57436498-93/facebook-sets-ipo-price-at-$38-a-share/

Bryancd · May 17, 2012, 04:34:57 PM

I FORBID any of you to buy this tomorrow! :) It's going to be crazy, and not in a good way.

X · May 17, 2012, 04:53:19 PM

Quote from: Bryancd on May 17, 2012, 04:34:57 PM
I FORBID any of you to buy this tomorrow! :) It's going to be crazy, and not in a good way.

Thanks Bryan, I was considering buying early and then selling a bit later for a quick little turn around. Scratch that idea.

Bryancd · May 17, 2012, 04:58:24 PM

Well, the thing is Chris it may open at some crazy price, run up, but then fall back and unless you are fast enough could get caught out. It priced at $38, it's going to open probably at $50+, maybe even a lot more. Spooks me, it's gambling at that point, not investing or even trading.

X · May 17, 2012, 06:00:24 PM

that's kinda of what I thought it would do, but you're right. I don't need to gamble on it when it all comes to timing on a day that I'll be busy.

Bryancd · May 18, 2012, 08:15:07 AM

Indicating a $42 opening trade. Weak sauce.

Rico · May 18, 2012, 08:28:27 AM

Yeah, don't wind up like this kid. (warning - language)

E-Trade Baby Loses Everything

Bryancd · May 18, 2012, 08:36:23 AM

Love that one. :) $40.26 last trade. The best buy will be anyone who can get shares on the open market bleow the IPO of $38. LOL!

Bryancd · May 18, 2012, 08:50:12 AM

...and it's about to break $38! ROTFLMAO!

Bryancd · May 18, 2012, 09:03:32 AM

OK, now it's ok to buy. :)

Rico · May 18, 2012, 09:20:22 AM

I think I want a couple shares just so I can get all that crap they have to send you in the mail!

billybob476 · May 18, 2012, 10:47:31 AM

Hm, seems like things aren't as incredible as they were expecting:

QuoteFacebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.

http://www.reuters.com/article/2012/05/18/us-facebook-idUSBRE84G14Q20120518

Bryancd · May 18, 2012, 10:51:55 AM

Despite some technical snafu's over at the Nasdaq, this was a very orderly IPO all things considered. It was priced perfectly.

Quote from: billybob476 on May 18, 2012, 10:47:31 AM
Hm, seems like things aren't as incredible as they were expecting:

QuoteFacebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.

http://www.reuters.com/article/2012/05/18/us-facebook-idUSBRE84G14Q20120518