Many of the calendars on Wall Street have Friday marked as one of the largest initial public offerings ever.
Facebook goes up on the trading block.
The buzz around Facebook for the last couple weeks continues to grow, with more talk of Friday's first ever stock offering. If it goes as some on Wall Street have suggested, by the end of trading Friday, Facebook will be worth more in one day that the entire Walt Disney Corporation.
All this talk has investors chomping at the bit. However, not everyone is going to be guaranteed a get rich opportunity, according to Josh Wood, with Royal Alliance Associates, Inc.
"The important thing is to take a step back, evaulate the risk, and evaulate it from all angles, and holistically before you jump into it," he said.
The first offering is called an I.P.O. or Initial Public Offering and it's important to note that the "P" defintiely does not stand for "Price." In fact, investment bank underwriting the I.P.O. get first crack so by the time the majority of the trading public gets to start buying shares, it won't be the golden ticket some are hoping for.
"The odds of you getting into that are slim to none or if you even know anyone who can get in on that pricing is slim to none," Wood said. "There are going to be avenues where you can buy the stock on the secondary market once it trades."
Wall Street wizards and big movers and shakers like Warren Buffet have already publically said when it comes to I.P.O.'s, it's better to wait for the market's volatility to end and invest for the long run, which is the same advice you'll get from Josh.
"I would evaulate it pretty heavily before I would jump in and and think this is going to be my ticket."
337 million shares are going up for sale with the set sale price fluctuating soemwhere between 28 and 35 dollars per share.
