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Dan8267
2012 May 18, 2:22pm
open at 38. close at 38.25 !
Sounds like they priced the IPO shares correctly.
Still, I think Facebook stock is probably going to crash. It seems way overvalued.
bmwman91
2012 May 18, 3:24pm
The PA RE listers are still waiting. They have 6 months to go until the worker bees at FB are allowed to sell their RSA's. That's common knowledge.
Seeing as how the employees didn't have to pay for the RSA's, it is free money for them no matter what the price is. Granted, I think that they have to pay income tax on the shares that vested today, at today's price, so it would be a bummer for them if it was worth a lot less in 6 months. Still, they aren't exactly in a position to LOSE money any way you slice it (they can always deduct the loss on their taxes).
Sounds like they priced the IPO shares correctly.
Wrong. The underwriters step in and buy the shares at close.
For facebook employees, it is not bad.
There are lots other similar facebook companies in BA, they may never go public.
We know it is a con game for these types of companies now.
Edit:
Underwriters bought $16 billion dollars.
It will sink on Monday.
Comments 1 - 3 of 25 Next » Last » Search these comments
open at 38. close at 38.25 !
after all the the hype and hysteria... their underwriters had to keep buying back stock to keep it above 38 (kinda like your mom buying up tickets for your sucky garage band opening night!)
now I like to see what the smug real estate agents and Palo Alto home owners who were 'waiting to list after facebook IPO' have to say :-)
To channel Nelson from Simpsons:
HAAAA HAAAA !
#housing