I heard a report that Bloomberg were saying that Facebook was not actually selling well at all and interest was not that great. I guess only the underwriters know the true level of interest. Those all on all sides will be looking to either get in cheap or get more punters interested on day one. Who do you believe?
The pre-IPO is not that transparent so only on the open market will we see what happens for sure. If I had to bet on it, whether or not we will if up for question, but I reckon a stellar first day for FB – possibly even doubling or trebling in value to $100 dollars a share. There are people, who just will want to own a little bit of that site that they spend their days on…after all many will feel a sense of ownership by owning the internet property which seems so integral to their lives.