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Facebook IPO Preps for Trading

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  • Description

    FBN's Shibani Joshi breaks down how the Nasdaq is prepping for Facebook's IPO.

  • Duration 2:21
  • Date

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Well FaceBook.

Adding 84 million shares of its IPO set to debut on Friday tech reporter Shibani Joshi is here with a DSL should play a right now we're -- what.

421.

Million -- yeah and offering and has amazing what this IPO was absolutely Ames also learn more details -- about the impact of FaceBook IPO are not on a lot of different parties you everyone pretends that this.

Is business as usual this is is sort of no big deal but we know personally -- professionally this is the biggest day.

For many people and companies lives out there now a lot of companies in a lot of people are preparing for the big IPO on Friday.

I got inside and scoop into what the NASDAQ the company that is listing this year it is doing to prepare.

Now what I'm being told it is business as usual in the way that they task ahead -- big IPOs.

They will be testing today and tomorrow they will imitate the IPO process through a series of state trades.

-- -- ticker symbol they'll be testing today's ZWZZET.

The routine tests will start within this hour 1240 side ending at the top of this hour again.

From being told it's -- routine but there is nothing routine about this there is a huge spotlight on the NASDAQ.

-- make sure everything is executed in in light of the back -- IPO that happened in March.

A big flash crash since when he ten there's a lot of that an easy -- with investors.

And a lot lotteries and make sure this this is done right is also.

Been looking at the impact that this is gonna have on the q.'s overall the -- the triple -- is what do we notice Houston and then NASDAQ Composite system perspective here as we wait for bespoke shares to price at some point we believe on Friday.

If -- NASDAQ Composite goes up if we see accused of triple queues which is a technology ETF go -- it has nothing to do with C spent because what I have lard.

Is that.

FaceBook shares will not be included in either index on day one he takes about three months for that -- get included.

After that -- -- a -- to get included so if you see a huge -- Or decline in the NASDAQ Composite it has nothing to do with face -- to keep that in mind as we watch the markets outside body it's gonna be a great day on Friday first trade I think intend thirty I don't -- -- throw that out LNR -- -- I -- and it has -- so -- -- -- some friends about -- -- have finally ending -- -- -- can't -- -- -- thanks -- More FaceBook general.

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