Facebook IPO - who's buying? (Etrade, margin, trading, cash)

[Nudetypist]

Facebook Readies IPO Filing for Next Week - WSJ.com

Looks like facebook will file any day now and probably go public around April or May. Who plans on buying into this IPO? I know I will and probably place a large bet on it.

[KayAnn246]

I plan on buying but I will slowly increase shares over time. I am not going to invest all at once.

[greendesert]

how does this work? I thought not just anyone can buy these IPO offerings right?

[TechRider]

anyone know if IPO is going to be available on Etrade or Schwab ??

[Nudetypist]

I don't think we'll know which trading company can offer early IPO purchases until facebook officially files with a company. Which looks like it's either going to be Morgan Stanley or Goldman Sachs. And even if you can purchase them, they won't allow you to purchase that much anyway. They will probably cap you at 100 shares.

[TechRider]

yes...or we can wait until IPO listing and then buy during selloff week

[howard555]

Originally Posted by TechRider

anyone know if IPO is going to be available
Schwab...................??

Yes, to certain account holders with certain financial numbers. Their website can tell you their quidelines under the IPO tab.
They offered me Groupon, Jive, Invensense, and a few others in sectors, I was not interested in.
I asked for 100 of each and got 100 of each.
I asked for 200 Zynga and got 200.

Facebook will be very desired, and it will be hard for anyone who is not rich, to get any at the IPO price.
It could go up several hundred % the first day.
If Schwab sends me the prospectus, I will offer to buy.

The process is that if Schwab gets any shares they send out the notice by e-mail 2-3 days before. You read the prospectus and make a conditional offer to purchase X shares, at the "expected" price.
Then the night it prices, you wait for the website link to "affirm" your order at the exact IPO price.
Then you check before 7am and hope you got some.
If you have a margin account, you do not have to have the cash sitting there the day it opens.

[TechRider]

I am pretty sure that day 1 and the week of IPO will be heavy dumping

[a34dadsf]

Originally Posted by TechRider

I am pretty sure that day 1 and the week of IPO will be heavy dumping

Thats a good point. Either there will be massive buying or massive insider selling. Personally I think there will be heavy buying, which is why I am buying into the IPO.

[forestgump]

I would say, ZNGA profits from a Facebook IPO. ZNGA seems to be profiting, I don't see Facebook doing all that much, might be another MySpace.
I remember when Yahoo, ICQ, AOL were all doing social networking, profiles, chats, stuff like that, they then started to pull on the zipper and started making it a pay service...that was their downfall.

I see no difference with facebook, just a meet and greet one notch above email contacts...so in the long run I see it as a failure, but in the shortrun with shortsightedness, I see $$ signs..only cause CNBC and Wall St will promote it that way.
I'd like to see their earnings, that will be interesting.