e*trade customers can order Facebook IPO stock online now
According to the eTrade web site, any individuals with an eTrade account can sign up now to place a conditional order for Facebook stock from the IPO immediately. Based on the IPO documents, the NASDAQ symbol for Facebook will be FB.
This move by Facebook of opening up the IPO to etrade makes it much easier for the average small investor to get in on what may become one of the hottest IPO investments in recent times. The minimum investment is a purchase of 50 shares, and the anticipated IPO price for the Facebook stock is between $28 to $35 according to the document.
E*Trade customers interested in getting in on the IPO can do so by going to the IPO Center on the e-trade web site. After completing some verification information, customers can place a conditional order for the Facebook IPO stock by simply entering the number of shares they wish to buy and the maximum price per share that they are willing to pay. Based on the anticipated IPO stock price, the initial buy in would range from $1400 to $1750.
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