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?