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NASDAQ:FB

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Re: NASDAQ:FB

#11

Post by speg »

llambda wrote: post #8

Please note that FB doesn't begin trading until 11AM EST[1]. [1] http://money.msn.com/technology-investment/article.aspx?post...

Technically it could be any time, but if history continues it should be just before 11:00.

Re: NASDAQ:FB

#12

Post by throwaway1979 »

Someone mentioned on CNBC that he had placed an order (and seem to have gotten) 100 shares of FB via e-trade. Can retail investors (aka ... unsophisticated Joes like me) get in on the IPO allocation? I thought the initial shares were only offered to large investors (> 100K purchases). This doesn't help me for FB, but would be useful info in the future.

Re: NASDAQ:FB

#13

Post by mmodahl »

tferris wrote: post #7
fname wrote: post #3

Probably wont see the first trade for a couple more hours

Why?

IPO opening auctions are scheduled for the middle of the day. The regular market open auction is a very busy time and if they happened at the same time, everyone would be choosing between handling their normal business or the excitement of the IPO.

Re: NASDAQ:FB

#14

Post by speg »

tferris wrote: post #7
fname wrote: post #3

Probably wont see the first trade for a couple more hours

Why?

It's trading on the NASDAQ, and they that's just how they do it. They say they want their IPOs to stand out on their own.

Re: NASDAQ:FB

#16

Post by cryptoz »

mkr-hn wrote: post #10

It's weird how I posted the exact same thing with a slightly different URL two hours ago and it went unnoticed: http://news.ycombinator.com/item?id=3991295 edit: Not complaining. It seemed like an interesting accidental split test.

Many fewer people in North America were awake and on HN two hours ago. Timing is key.

Re: NASDAQ:FB

#17

Post by apaprocki »

throwaway1979 wrote: post #12

Someone mentioned on CNBC that he had placed an order (and seem to have gotten) 100 shares of FB via e-trade. Can retail investors (aka ... unsophisticated Joes like me) get in on the IPO allocation? I thought the initial shares were only offered to large investors (> 100K purchases). This doesn't help me for FB, but would be useful info in the future.

Yes, brokerages offer qualified customers access to IPO allocation that the brokerage has access to. It is at their discretion who they allow to participate. Generally, most brokerages will ban you from IPO access if you get allocated shares and sell them within a certain period, usually 90 days or so.

Here is a description of the process for ETrade: https://us.etrade.com/e/t/prospectestation/help?id=130105000...

Re: NASDAQ:FB

#18

Post by [deleted] »

apaprocki wrote: post #17
throwaway1979 wrote: post #12

Someone mentioned on CNBC that he had placed an order (and seem to have gotten) 100 shares of FB via e-trade. Can retail investors (aka ... unsophisticated Joes like me) get in on the IPO allocation? I thought the initial shares were only offered to large investors (> 100K purchases). This doesn't help me for FB, but would be useful info in the future.

Yes, brokerages offer qualified customers access to IPO allocation that the brokerage has access to. It is at their discretion who they allow to participate. Generally, most brokerages will ban you from IPO access if you get allocated shares and sell them within a certain period, usually 90 days or so. Here is a description of the process for ETrade: https://us.etrade.com/e/t/prospectestation/help?id=130105000...

[deleted]
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