Facebook (NASDAQ: FB) announced the pricing of its initial public offering (IPO) of 421,233,615 shares of its common stock at a price to the public of $38 per share. The shares will begin trading on NASDAQ Global market on May 18, 2012 with the symbol ‘FB’. The initial public offering is expected to close on May 22, 2012.
Facebook: Offering 180,000,000 shares of Class A common stock
Stockholders: Selling 241,233,615 shares of Class A common stock
Total: 421,233,615 shares
Book Runners for the offering:
- Morgan Stanley
- J.P. Morgan,
- Goldman Sachs & Co.
- BofA Merrill Lynch,
- Allen & Company LLC
- Credit Suisse
- Deutsche Bank Securities
- RBC Capital Markets
- Wells Fargo Securities
With IPO priced at $38/share, Facebook’s market cap should be $104.18 billion in total and they should raise a little more than $16 billion with the initial public offering.
So after reading this you might be asking,
How can you get your hands on the Facebook Shares during this IPO?
Step 1: Get lots of money
Most online brokerage firms taking requests for Facebook shares will have rules like existing balances of $500,000, trade activity of 30 times a day, and decision might be made on a case-by-case basis
Step 2: Open a brokerage account at Goldman Sachs or Morgan Stanley
The stock usually goes to the preferred customers of banks underwriting the deal and then to people with brokerage account who passed step 1. The remaining stock goes to small investors that is if they are lucky. Given the hype, stir, and amount of shares available, the price will no longer be at $38.
If you want Facebook IPO shares, its simple. BE RICH AND POWERFUL!