How to Buy Facebook at IPO?

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vickh said:   What's a good answere for this to get an allotment. I know they didn't like flippers:

https://us.etrade.com/e/t/ipo/iposteps


A. Are you being advised by a professional not affiliated with E*Trade regarding participating in the offering?
Yes
No



C. What time period will you use in evaluating the performance of your public offering investments?
5 - 10 years
3 - 5 years
1 - 3 years
More than 30 days
Less than 30 days

No

5-10 years


When will the lockup period be over when the big boys start to dump their shares?


LongDongSilver said:   When will the lockup period be over when the big boys start to dump their shares?

What? I'd say when their Facebook profiles get switched to Timeline.


LongDongSilver said:   vickh said:   


A. Are you being advised by a professional not affiliated with E*Trade regarding participating in the offering?
Yes
No



C. What time period will you use in evaluating the performance of your public offering investments?
5 - 10 years
3 - 5 years
1 - 3 years
More than 30 days
Less than 30 days


No

5-10 years


So they want someone to be advised only by them and hold on forever?


Tue May 15 15:15:14 2012 Notice


Notice – New Prospectus and Offering Closing to New Investors
ON MAY 15, 2012, FACEBOOK, INC (“FACEBOOK”) FILED AMENDMENT NO. 7 TO ITS REGISTRATION STATEMENT TO PROVIDE A REVISED PRELIMINARY PROSPECTUS. THE PROSPECTUS IN AMENDMENT NO. 7 REVISES THE DISCLOSURE IN THE MAY 9 PROSPECTUS, CONTAINED IN AMENDMENT NO. 6, TO REFLECT THE INCREASE OF THE PRICE RANGE (PREVIOUSLY $28 TO $35) TO $34 TO $38.

ADDITIONALLY, AS OF 4:00 PM EASTERN DAYLIGHT TIME ON 5/15/ 2012, E*Trade WILL NO LONGER BE ACCEPTING NEW CONDITIONAL OFFERS FOR THE FACEBOOK IPO. CANCELLATION AND MODIFICATION OF EXISTING CONDITIONAL OFFERS ARE STILL PERMITTED.

There will be a marquee on E*Trade.com alerting customers to this change of status for order taking and it will also be reflected in the IPO Center.

The offering continues to be anticipated to price on 5/17/2012 with trading to begin on 5/18/2012. Any updates to that schedule will be communicated as appropriate and if necessary. Please continue to check the IPO Center to see if any action is required on your part.

We are sending this notice to customers who have either submitted a Conditional Offer to purchase shares in Facebook’s IPO or have completed the Customer Profile and have been notified of their eligibility to participate in the offering. You may access the prospectus by clicking
https://www.etrade.com/rtpublish/images/FBProspectus5_15.pdf
You should access and review the current prospectus and consider the information provided in the filing. Aside from the revised filings, the terms of the offering listed on the IPO Center remain the same.
If you have submitted a Conditional Offer, you will be able to change the price or quantity of your Conditional Offer or cancel the Conditional Offer until the registration statement is declared effective. Customers who have submitted a Customer Profile and have been notified they are eligible to participate may submit a Conditional Offer while the order window is still open.

Please do not reply to this email. If you have questions regarding this process, please visit the E*Trade Securities IPO Center.

A separate registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.

By virtue of this communication, E*Trade Securities makes no recommendations or endorsements regarding the issuer or your participation in the offering. Eligibility to participate and submission of an offer does not guarantee that a customer will be allocated shares in an initial public offering. E*Trade Securities LLC will allocate shares to customers in its sole discretion. For more information on the allocation process, please visit https://us.etrade.com/e/t/ipo/IPOCenter?Message=IPOHowto:1.

 



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bandyopa said:   SCSURFER said:   Without knowing the price (i.e valuation of the company) why would you want to? I think those that immediately buy shares in the open market will get their heads kicked in, as those that did with the recent tech IPO's. Some have recovered (LinkedIn, for example) but you could have bought them later much cheaper.

Agree, but if you can get at IPO price then you can a 100%+ return in short term trade. People are franatic for these stock. Price will double or triple or go to 10 times in the next few days. Sell and be rich!

Tintin
OP, where are you?


FB stock moved sideways and ended up the day exactly where it started. Who woulda thunk that such a highly hyped IPO would end up flat on its first day. Both bulls and bears were disappointed, that's gotta be a first for such a gigantic IPO.


peas said:   FB stock moved sideways and ended up the day exactly where it started. Who woulda thunk that such a highly hyped IPO would end up flat on its first day. Both bulls and bears were disappointed, that's gotta be a first for such a gigantic IPO.

It opened @ $42.05 and ended @ $38.23. How exactly are those the same? I doubt the bears are disappointed.


RidicuRuss said:   what is facebook?It's a website where people pretend to be someone that they're not for the benefit of other people who are also pretending to be something that they're not. As a bonus, it's a treasure trove for stalkers and a community gathering spot for the underemployed.


Without the bank bailout, Facebook’s IPO would have been a loser on the day, Wall Street insiders said. The heavy buying, however, cut into the banks’ already meager fees on the deal. The underwriters agreed to accept a smaller cut — just 1.1 percent of the $16 billion Facebook raised in the IPO — in order to land the high-profile assignment. After splitting $176 million in fees, the firms likely spent more than they made in fees by buying the swooning stock. Sam Hamadeh, CEO of research firm Privco, believes the banks spent around $380 million on Facebook stock. “On the heels of JPMorgan’s $2 billion ‘hedging’ trading loss, tThe underwriters have used up all the fees they made on the Facebook deal just to buy and prop up the stock to prevent a busted IPO,” said Hamadeh. Read more: http://www.nypost.com/p/news/business/street_saves_face_s8IeRdFU...

I'm sure this big banks will burn more cash to keep the stock @ $38. The question is how much more they're willing to loose.


Well zuckerberg just lost a couple billion marrying his gf yesterday . Even with a prenup, she just won the lottery


Or she was the rock that he has been with the last x years that had made him so happy that it allowed him to make $19 billion. You let your own failures dictate your opinion of how another achieved their success


Now back to ur regular programming...
BOT 500 @ 38.23 for another same-day flip


mikef07 said:   Or she was the rock that he has been with the last x years that had made him so happy that it allowed him to make $19 billion. You let your own failures dictate your opinion of how another achieved their success

What failures would those be, mike? Have you met my SO? Have I posted how she contributed to any of my financial successes or failures?

If I'm a failure bc I didn't earn $19b , I guess that makes you and every other poster here a failure as well. Guess even having a wife didn't help you there

Btw I've never been divorced and have been with the same person longer than zuckerberg has, or you have with your spouse. You have quite a strange view if you believe anything that does not include marriage is a failure. In fact I thought you were the one criticizing people for timing marriage due to financial reasons - zuckerberg clearly timed this marriage for financial reasons. In fact some would say the timing of the marriage speaks volumes to the predicted fb valuation, and that marriage date was chosen at peak premarital valuation, and it's all downhill from here


Crazytree said:   RidicuRuss said:   what is facebook?It's a website where people pretend to be someone that they're not for the benefit of other people who are also pretending to be something that they're not. As a bonus, it's a treasure trove for stalkers and a community gathering spot for the underemployed.

Correct, but you forgot to add 'where bored housewives go to hook up with ex boyfriends'. Ask me how I know.


Please illustrate how you know with pics or fb link


Maybe the underwriters are done supporting the stock. Down about 8% right after the open ($35.11).


kriskos4 said:   Correct, but you forgot to add 'where bored housewives go to hook up with ex loser boyfriends'. Ask me how I know. Fixed for you. The smart ones use LinkedIn instead. Ask me how I know.


kriskos4 said:   Crazytree said:   RidicuRuss said:   what is facebook?It's a website where people pretend to be someone that they're not for the benefit of other people who are also pretending to be something that they're not. As a bonus, it's a treasure trove for stalkers and a community gathering spot for the underemployed.

Correct, but you forgot to add 'where bored housewives go to hook up with ex boyfriends'. Ask me how I know.

Because you're a bored housewife?

/ you walked right into that one


SUCKISSTAPLES said:   peak premarital valuation

Maybe the IPO came too soon.


SUCKISSTAPLES said:   Well zuckerberg just lost a couple billion marrying his gf yesterday . Even with a prenup, she just won the lottery

No she didn't. Why do you think they timed the wedding like that? CA is a community property state. Everything earned prior to marriage is separate property. All gains, income, and dividends earned from separate property remains separate property. That $17B is still Mark's and his alone.


vickh said:   

no minimums, trading criteria?

best current signup bonus?? https://us.etrade.com/e/t/applogic/custenroll?promoCodeFld=CM6_E...

 

FB reminds me of the good ol' days with WIT capital. Got and flipped PALM, COBT

If I remember correctly, PALM IPO was highly anticipated. But since IPO, their price never got much higher?

I still remember the good old day of ICQ. Facebook is like ICQ/Groupon/etc which got many users since they were one of the first. Now ICQ is just one of the MANY instant messaging program. Right now FB offer nothing that can't be easily replace. Once Google, Microsoft, etc, introduced something similar and integrated them to Android/Gmail/Windows/hotmail/etc, people likely switch to use those instead.


fish777 said:   vickh said:   

no minimums, trading criteria?

best current signup bonus?? https://us.etrade.com/e/t/applogic/custenroll?promoCodeFld=CM6_E...

 

FB reminds me of the good ol' days with WIT capital. Got and flipped PALM, COBT


If I remember correctly, PALM IPO was highly anticipated. But since IPO, their price never got much higher?

I still remember the good old day of ICQ. Facebook is like ICQ/Groupon/etc which got many users since they were one of the first. Now ICQ is just one of the MANY instant messaging program. Right now FB offer nothing that can't be easily replace. Once Google, Microsoft, etc, introduced something similar and integrated them to Android/Gmail/Windows/hotmail/etc, people likely switch to use those instead.
Like Google+ right? Everyone switched over?


gunagdin25 said:   SUCKISSTAPLES said:   Well zuckerberg just lost a couple billion marrying his gf yesterday . Even with a prenup, she just won the lottery

No she didn't. Why do you think they timed the wedding like that? CA is a community property state. Everything earned prior to marriage is separate property. All gains, income, and dividends earned from separate property remains separate property. That $17B is still Mark's and his alone.

You read their pre nup?


BrlDsguise said:   Maybe the IPO came too soon.I think Zuckerberg came too soon.

nycll said:   You read their pre nup?If it was really an onerous, rock-solid prenup like the ones I draft for my high net-worth clients... the timing would not have mattered.


gunagdin25 said:   SUCKISSTAPLES said:   Well zuckerberg just lost a couple billion marrying his gf yesterday . Even with a prenup, she just won the lottery

No she didn't. Why do you think they timed the wedding like that? CA is a community property state. Everything earned prior to marriage is separate property. All gains, income, and dividends earned from separate property remains separate property. That $17B is still Mark's and his alone.

Today, maybe. He hasn't used marital time skill and energy on his separate property yet. But a couple years from now, no way. Ask Kobe or tiger , no matter how good the prenup, she won the lottery. Throw a couple kids in the mix and this stands to be the largest divorce settlement of all time.


im pretty sure Kobe didnt have a prenup


SUCKISSTAPLES said:   Today, maybe. He hasn't used marital time skill and energy on his separate property yet. But a couple years from now, no way. Ask Kobe or tiger , no matter how good the prenup, she won the lottery. Throw a couple kids in the mix and this stands to be the largest divorce settlement of all time.

Kind of sad when people act like there isn't even the possibility that they'll stay together, and that the divorce is imminent.

On that topic, are there any statistics on Chinese wives and divorce? Based on pure anecdote, it seems to me that Chinese wives are a lot less likely to pursue divorce, but that just might be based on the people I've known.


jkimcpa said:   fish777 said:   vickh said:   

no minimums, trading criteria?

best current signup bonus?? https://us.etrade.com/e/t/applogic/custenroll?promoCodeFld=CM6_E...

 

FB reminds me of the good ol' days with WIT capital. Got and flipped PALM, COBT


If I remember correctly, PALM IPO was highly anticipated. But since IPO, their price never got much higher?

I still remember the good old day of ICQ. Facebook is like ICQ/Groupon/etc which got many users since they were one of the first. Now ICQ is just one of the MANY instant messaging program. Right now FB offer nothing that can't be easily replace. Once Google, Microsoft, etc, introduced something similar and integrated them to Android/Gmail/Windows/hotmail/etc, people likely switch to use those instead.
Like Google+ right? Everyone switched over?

I don't think FB currently has any technology behind their service that is hard to replace.
So yes, One good move by Google like great integration between Google Map, Google Voice, or some new services, etc to Google+ (or great way to integrate Google+ to Android) and one bad move by FB, thing can change rapidly.
Just like ICQ, Myspace, Netscape, etc. How IE took over Netscape, how ICQ become just another messaging program, and how Myspace just disappeared. And Groupon is not doing that well neither with tons of similar services.

For FWers, if Google offer us free stuff to use Google+ (like free credit to use Google Voice or Google Play, more storage for Google Drive, etc), I bet a lot of FWers will use Google+ instead.


SUCKISSTAPLES said:   gunagdin25 said:   SUCKISSTAPLES said:   Well zuckerberg just lost a couple billion marrying his gf yesterday . Even with a prenup, she just won the lottery

No she didn't. Why do you think they timed the wedding like that? CA is a community property state. Everything earned prior to marriage is separate property. All gains, income, and dividends earned from separate property remains separate property. That $17B is still Mark's and his alone.

Today, maybe. He hasn't used marital time skill and energy on his separate property yet. But a couple years from now, no way. Ask Kobe or tiger , no matter how good the prenup, she won the lottery. Throw a couple kids in the mix and this stands to be the largest divorce settlement of all time.

Tiger probably will lose more from damaged reputation (not that his reputation wasn't im shambkes) if he played hardball. Kobe might be in a similar situation.


Crazytree said:   BrlDsguise said:   Maybe the IPO came too soon.I think Zuckerberg came too soon.

nycll said:   You read their pre nup?If it was really an onerous, rock-solid prenup like the ones I draft for my high net-worth clients... the timing would not have mattered.

I agree. Zuckerburg's lawyers probably drafted even more rock solid prenup- no offense


bandyopa said:   SCSURFER said:   Without knowing the price (i.e valuation of the company) why would you want to? I think those that immediately buy shares in the open market will get their heads kicked in, as those that did with the recent tech IPO's. Some have recovered (LinkedIn, for example) but you could have bought them later much cheaper.

Agree, but if you can get at IPO price then you can a 100%+ return in short term trade. People are franatic for these stock. Price will double or triple or go to 10 times in the next few days. Sell and be rich!

Tintin

Institutions don't buy the hype, only the retail investors buy this kind of hype.


fish777 said:   Just like ICQ, Myspace, Netscape, etc. How IE took over Netscape, how ICQ become just another messaging program, and how Myspace just disappeared. And Groupon is not doing that well neither with tons of similar services.
AOL bought out Netscape and brought it down. AOL bought out ICQ and brought it down. When AOL eyeballs FB, start running.


LordKronos said:   On that topic, are there any statistics on Chinese wives and divorce? Based on pure anecdote, it seems to me that Chinese wives are a lot less likely to pursue divorce, but that just might be based on the people I've known.

Statistics on Asian American women who are Harvard grads with medical degrees marrying billionaires?

Do you really think her ethnicity is going to play a role in the longevity of their marriage?


BrlDsguise said:   LordKronos said:   On that topic, are there any statistics on Chinese wives and divorce? Based on pure anecdote, it seems to me that Chinese wives are a lot less likely to pursue divorce, but that just might be based on the people I've known.

Statistics on Asian American women who are Harvard grads with medical degrees marrying billionaires?

Do you really think her ethnicity is going to play a role in the longevity of their marriage?

Ethnicity? Probably not. Being raised in New England? Probably not. Culture/how she was raised by her Chinese parents? Absolutely. But this is also someone highly educated with a brilliant physician career in front of her, not a model or handbag designer who found someone successful to marry.


i63Aps said:   Institutions don't buy the hype, only the retail investors buy this kind of hype.Institutions buy hype all the time. GlobalCrossing comes to mind.


BrlDsguise said:   LordKronos said:   On that topic, are there any statistics on Chinese wives and divorce? Based on pure anecdote, it seems to me that Chinese wives are a lot less likely to pursue divorce, but that just might be based on the people I've known.

Statistics on Asian American women who are Harvard grads with medical degrees marrying billionaires?

Do you really think her ethnicity is going to play a role in the longevity of their marriage?


I'm not sure what your point is. You make it sound like statistics are completely irrelevant. Yep, there are no disease statistics about people who live in my zip code, share my birth year, and had steak for dinner last tuesday, so they are completely irrelevant and thus I have absolutely no way to know which diseases I'm more at risk for.

Statistics may have no bearing on the outcome of individual cases, but they do tell you what the outcome of that particular case is more likely to be.


fish777 said:   vickh said:   

no minimums, trading criteria?

best current signup bonus?? https://us.etrade.com/e/t/applogic/custenroll?promoCodeFld=CM6_E...

 

FB reminds me of the good ol' days with WIT capital. Got and flipped PALM, COBT


If I remember correctly, PALM IPO was highly anticipated. But since IPO, their price never got much higher?

I still remember the good old day of ICQ. Facebook is like ICQ/Groupon/etc which got many users since they were one of the first. Now ICQ is just one of the MANY instant messaging program. Right now FB offer nothing that can't be easily replace. Once Google, Microsoft, etc, introduced something similar and integrated them to Android/Gmail/Windows/hotmail/etc, people likely switch to use those instead.

Remember xanga, live journal, friendster and myspace? They're just waiting in the gutter for Facebook to join them when the next big thing catches.


She will probably be good at intercepting pies thrown at Mark.


mwa423 said:   fish777 said:   If I remember correctly, PALM IPO was highly anticipated. But since IPO, their price never got much higher?

I still remember the good old day of ICQ. Facebook is like ICQ/Groupon/etc which got many users since they were one of the first. Now ICQ is just one of the MANY instant messaging program. Right now FB offer nothing that can't be easily replace. Once Google, Microsoft, etc, introduced something similar and integrated them to Android/Gmail/Windows/hotmail/etc, people likely switch to use those instead.


Remember xanga, live journal, friendster and myspace? They're just waiting in the gutter for Facebook to join them when the next big thing catches.
I don't really care where FB ends up, but I think you're oversimplifying the outcome. FB has managed to dig its claws deep into the internet by providing social infrastructure. See all those "Like" links on various news sites? Even the commenting infrastructure is provided by FB for many sites now. They have much more momentum and greater depth than the MySpaces of past. Where it'll all end up is anyone's guess.




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