The face of Facebook’s IPO changes yet again

- May 17th, 2012


GiveAShare

 

The landscape of Facebook’s IPO (Initial Public Offering) continues to change with less than 2 days to go in one of the most anticipated public offerings we’ve probably seen in a long time. I can remember like it were yesterday; in fact it was yesterday, when I was perusing over the 200+ page Amendment No. 7 to Form S-1. This is the document that Facebook filed with the US Securities and Exchange Commission which outlines the details of Facebook Inc.’s IPO (with amendments) and which saw the IPO price of the greatly sought after shares move up to $34 to $38 US per share from the initial $28 to $35 US per share.

But alas, less than 24 hours later it changes once again. Amendment No. 8 to Form S-1 filed May 16th shows the price range remaining the same. However, Facebook is now making more shares available to the pubic by offering an additional 84 million Class A shares.

FB84mill

This could put even more money in Zuckerberg’s pocket. In fact with the additional shares, the offering could potentially raise up to $16 Billion US.

Now for Canadians, unless you are a major player with access to the large brokerage firms in the US (don’t quote me on this, I’m not an expert in this area), my guess is, the chances of getting in on this IPO are pretty slim and you’re likely going to have to wait until after the opening this Friday, May 18th, at which point, who knows what the price will be.

 

facebook-stock-gold-300new

 

Buy 1 Souvenir Share

Now if you are not into the trading thing, but would like to own a piece of Facebook, you can purchase a single share and you don’t even have to have a trading account. US based, GiveAShare.com, by Leading Gifts Edge LLC, although not a broker, will sell you one share of Facebook for whatever the market price is at the time of order plus $39 US service charge.  You can also get it framed in cardboard for $1 US or for $43 US you can get a custom frame along with a personalized plaque. They will ship to Canada, but they do warn that there may be additional duties and taxes at the border.

So if you want to get in on the frenzy, this Friday you’d better be prepared. Or if you just want to be a part of it you can pick up one share – or better yet, gift one to someone you love. Remember Father’s Day is June 17th.

Greg Gazin is the Real Canadian Gadget Guy.

Follow me on Twitter @gadgetgreg.


 

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4 comments

  1. Jenny MacKinnon | May 17, 2012 at 6:29 pm

    In Australia, people are laying bets too, and it looks like the most popular figure is something like 10% over the IPO price. See http://www.theage.com.au/business/world-business/facebook-sells-shares-for-us38-in-landmark-ipo-20120518-1yu7a.html

  2. Laura Sykes | May 17, 2012 at 6:33 pm

    It seems the markets in general are in for a rough ride over the next few days/weeks/months/years – take your pick.
    I am not planning to buy Facebook shares, but if I wanted to I would wait six months in the fairly confident expectation of buying them cheaper than they will be next week.

  3. Greg Gazin | May 17, 2012 at 6:34 pm

    Interesting! Thanks Jenny!

  4. Greg Gazin | May 17, 2012 at 6:36 pm

    Laura, I guess you’re not buying into the hype!

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