05-07-2012, 09:56 AM
It looks like anyone with an Etrade account is getting the option to buy in, but you are not guarenteed to get what you ask for. You say how many shares you are willing to buy, and the max price you'll pay (I said $40, but the upper range is currently $35), and you have to have that much money available in your account (IRA account, in my case). Then, depending on demand, you are guaranteed to get "some" amount of shares, but probably not as many as you asked for.
Usually retail investors don't get a shot at the IPO like this, but apparently Facebook see themselves as a company "of the people", and so opened up 20% of their IPO shares outside of the regular suspects (where you normally need to invest at least $1m to get a shot).
Usually retail investors don't get a shot at the IPO like this, but apparently Facebook see themselves as a company "of the people", and so opened up 20% of their IPO shares outside of the regular suspects (where you normally need to invest at least $1m to get a shot).
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market