Facebook stock: Why you can't have any
Facebook stock will be impossible to get unless you have a portfolio worth millions. There likekly won't be enough shares of Facebook stock for individual investors to partake.
Facebook stock will be impossible to get unless you have a portfolio worth millions. There likekly won't be enough shares of Facebook stock for individual investors to partake.
Prolly!
Because if you're reading this - even if you do have an account at Morgan Stanley - there is a very good chance you are getting approximately zero shares.
Unless your account is roughly $5 million and your particular registered rep at Morgan Stanley has a profitable business to the firm (as in, he eats a lot of the "bad" syndicate and consistently sells high margin products to his clients).
My friend Nancy Miller has a rundown of what to not expect in TIME Mag today:
My friends at Morgan are being advised by the higher-ups to tell their clients, especially the ones who have a shot at getting shares, to curb their enthusiasm.聽 "This will be the most undersold deal of all time in terms of how we're supposed to discuss it," is what one of them tells me.