NEW YORK, May 17, 2012 /PRNewswire/ -- Tomorrow Facebook will go public with a stock price as high as $38 and a market value of more than $100 billion.
This is great news for all the insiders who are selling shares and the institutions who are able to get in on the deal since they pay the mega bucks to the investment bankers on the book. But it is terrible for the little guy who will only be able to buy shares in the open market once the deal prices and the shares start trading (at a huge premium to the company's true value).
In his ongoing blog series called "Diary of an IPO," KCSA CEO and valuation expert Jeff Corbin takes aim at Facebook, its IPO process and warns investors to beware.
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