By Nha Nguyen
EUGENE, Ore. — By the end of this week, you could own part of Facebook.
The social networking site’s IPO opens on Friday.
So what do local investors think about buying Facebook stock?
Many of the financial advisors KEZI spoke to say there’s definitely been a lot of buzz about the initial public offering since the announcement earlier this year.
Right now shares are rumored to be sold around $35 to $38 each.
But there’s no telling which way and how much the price could change.
Some advisors are telling their clients to buy half now to see how they do and then buy the rest later.
But many are still wondering if they stand a chance in the big bidding war.
“The reality of the situation is, it’s really probably not going to be available to most people. The people who are going to most benefit from this is and that the shares are going to be available for are the employees at Facebook and the large clients at the firms that are bringing these shares to the market,” said Patricia Hathaway of Hathaway Financial Services.
Advisors say potential buyers beware: Stocks are a gamble and it’s possible the hype may not follow through in value.
Again, many advisors are telling people to be cautious, especially since there are concerns about the company’s lack of sustainability and its dependency on others to operate.