Arab Today, arab today want a piece of facebook get in line
Last Updated : GMT 16:00:13
Arab Today, arab today
Arab Today, arab today

Want a piece of Facebook? Get in line

Arab Today, arab today

Arab Today, arab today Want a piece of Facebook? Get in line

Washington - AFP

Facebook may be the year\'s hottest stock issue -- but try getting a piece of it. Small investors will find the line long and hurdles high to get even a handful of shares. And membership in Facebook\'s social network won\'t help, no matter how much you \"like\" the company. Likely this coming Friday, Facebook will be putting out on the market in its initial public offering a huge 337 million shares, with the price expected to be between $28 and $35 a share. At the midpoint of that range, the social network will be raising $10.6 billion from investors. First in line are those with the big resources and long-term investment plans, such as insurance companies, pension funds and mutual funds. They will get the lion\'s share of the handout. There will be a good chunk available to small investors -- though \"small\" is a relative term. Retail brokers say requests for the shares are high, and they will mostly divvy up what they receive between their best customers. At Fidelity, one of the largest US brokers, hot IPOs normally go to clients with half a million dollars in their accounts, or those who make at least 36 trades a year, according to a company agent. But depending on how valued you are, a $250,000 account could be enough, she said. \"It\'s definitely not a first-come, first-serve basis,\" she told AFP, not wanting to be identified. And even then, the broker won\'t promise even a minimum 100-share allocation. \"You could get the full amount (you request), or part of it, or none.\" At TD Ameritrade, the hurdles are an account with at least $250,000, or 30 trades in the past three months. In addition, said spokeswoman Beth Evegan, the client\'s general investment objectives and financial status can be considered. Brokers generally do not want someone like a pensioner who could would be hit hard by a trading loss to trade in risky stocks. Even then, Evegan added: \"We are expecting to receive an allocation... We do not know how many shares we will receive.\" Other retail brokers have similar requirements for their clients. But for most, there is another catch: small investors who win the allocation lottery might find themselves unable to take advantage of an opening day spike in the share price. Many retail brokers insist their clients hold onto the IPO shares for a fixed period rather than sell into a first-day rally. Fidelity sets a 15-day rule; for some, it is 30 days. Analyst Rocco Pendola of The Street had words of encouragement for the little guys who cannot get a piece of the action. \"Let\'s face it: You have little chance of getting Facebook shares in the IPO,\" he wrote. On the other hand, \"You\'ll have plenty of time to hop on the bandwagon. This is a long-term, highly-sustainable and scalable business; it\'s a myth that Facebook is a fad or run by some green punk.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today want a piece of facebook get in line Arab Today, arab today want a piece of facebook get in line

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today want a piece of facebook get in line Arab Today, arab today want a piece of facebook get in line

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday