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IPOfinancial.com CEO David Menlow on the latest Facebook IPO developments.
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-- -- back -- breaking news sources on the Wall Street Journal that FaceBook is going to set the price range for its IPO.
We've got David -- on the phone now -- president of IPO financial dot com.
Did -- send the price range high twenties to mid thirties when you think that.
Well first I can at least take a -- because that he oppressive nature of everybody's saying when -- when and how much is it is now got.
So this is an interesting development here because there is something about the magic number -- twenties and thirties that makes it even more desirable.
For the smaller investors vs -- forty or fifty dollar number.
But David is as mr.
Zuckerberg goes on -- what they -- the road -- depending on the demand in the interest he gets could we see this price range stop to go up.
Well I would say without question.
The price range -- it is actually officially declared -- will go up because the demand for this will be absolutely insatiable it is.
FaceBook and the rest of the stock market that's the two divisions.
We don't know at this point in how what percentage of the company they're selling but.
I I gotta believe it's gonna be a small percentage.
It will be because they really need to get into the capital markets they just wanna have a position there and obviously it becomes easier for them to sell stock into the secondary markets.
From higher levels they will have to use fewer shares if they can accomplish that so this is a very Smart move for them to at least -- their toes into the water.
And how easy will it be for the average investor to get a slice of FaceBook -- David is this old.
Of these shares going to be gone before even though -- there.
I believe that's going to be the case sir and I think that most of -- people who are actually used FaceBook feel that they will be able colder broker whoever might be.
And get shares of the stock.
But this is going to be a company where applications -- shares at the IPO prices will be done with an eye dropper.
Do think that -- up at a didn't hello basic -- on the phone and -- and has about this sad.
-- -- Pricing range high twenties to mid thirties -- at least for now but as David said that could well go higher rate and that amount at this it's 8595.
Billion yeah.
So that means is -- -- total back.
