On news of the Facebook IPO filing, top social stocks – like Zynga (NASDAQ:ZNGA), Groupon (NASDAQ:GRPN) and LinkedIn (NYSE:LNKD) – are soaring in today’s trading.
But online gamblers are also getting a piece of the action. On Europe’s largest betting site, Paddy Power, you can wager on the IPO price of Facebook (the press release had a great title: “He’s No Zucker”).
So far, the favorite range is $35 to $44.99. Although, some betters think a price of $65 or more is possible.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli. As of this writing, he did not own a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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