The good news is that I got in on the biggest Internet stock initial public offering (IPO) in history. The bad news, if you believe all of the analysts who have warned about overvaluation and low chances of future earnings growth, is that I bought Facebook stock.
I’m still thrilled. It’s extremely rare for a small potatoes investor like me to be able to get in on an IPO. eTrade sent an email early this morning alerting me that they have fulfilled my request to buy FB (as the social media giant will be known on NASDAQ when public trading begins) had been granted. I asked for 100 shares. I was able to buy 50 shares at $38.
My blog about hoping to get in on the upcoming initial public offering (IPO) of Facebook stock was selected for the 361st edition of the Carnival of Personal Finance.