CHNOPS
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- Jan 29, 2012
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Facebook CEO Mark Zuckerberg, who just turned 28 this week, wrote a frank letter to potential investors to affirm the company's social mission even as it prepares to ask Wall Street for billions. Zuckerberg said, "[Facebook] was built to accomplish a social mission—to make the world more open and connected."
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Not every investor will be eligible to purchase Facebook stock tomorrow. Most of the big underwriters have minimal account requirements that must be met to place a buy during the IPO phase.
"Most shares will go to big institutional investors or wealthy brokerage customers instead of retail investors," reports the Los Angeles Times.
http://www.npr.org/blogs/thetwo-way...share-ahead-of-friday-ipo?ft=1&f=1002&sc=igg2
<snip>
Not every investor will be eligible to purchase Facebook stock tomorrow. Most of the big underwriters have minimal account requirements that must be met to place a buy during the IPO phase.
"Most shares will go to big institutional investors or wealthy brokerage customers instead of retail investors," reports the Los Angeles Times.
http://www.npr.org/blogs/thetwo-way...share-ahead-of-friday-ipo?ft=1&f=1002&sc=igg2