Want Facebook stock? A local broker says there’s plenty of interest in York.

Facebook's IPO is set to begin May 18.

Just checked in with Russ Allen at Edward Jones in York Township.

He said he’s been getting loads of serious inquiries from dozens of local clients about Facebook’s initial public stock offering.

According to the Wall Street Journal, the IPO is scheduled for May 18.

Still, Allen says nothing is set in stone when it comes to IPOs.

It’s hard to give clients answers.

“How much is the IPO going to be for?” they ask.

“I don’t know,”¬† is the only fair answer, he says.

In a recent SEC filing, Facebook says the stock will trade at $28 and $35 a share.

But no one — traders, analysts and Allen included¬† — will know until the IPO happens.

Are you pumped about Facebook’s impending IPO?

 

About Lauren Boyer

I'm a Business Reporter for the York Daily Record/Sunday News. I cover banking, investing and all sorts of manufacturing, from companies like Harley-Davidson to mom-and-pop operations. I don't go anywhere without my iPad or a large cup of coffee. Contact me with story ideas at 717-771-2062 or lboyer@ydr.com.
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One Response to Want Facebook stock? A local broker says there’s plenty of interest in York.

  1. Pingback: York Common Cents | Buying a share of Facebook

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