PRN: Will Facebook Shares Rise Following IPO launch?
Will Facebook Shares Rise Following IPO launch?
LONDON, May 16, 2012 /PRNewswire/ --
Just a couple of days before launching its IPO on the Nasdaq exchange, Facebook has revised its price target to $34-$38 per share - up significantly from its earlier $28-$35 price target.
This rise comes on the back of strong investor demand and has left spread betting professionals and share traders waiting with bated breath to find out whether Facebook shares will rise higher or plateau in the days following the IPO launch on Friday.
Facebook prices its shares on May 17, before beginning trading on Friday May 18.
Are Facebook Shares Set to Climb Higher Still?
The social network site, owned by Mark Zuckerburg, is currently valued at between $93 billion and $104 billion and industry experts will be keen to see whether Facebook shares continue to rise and if so, by how much, in the days following the IPO launch.
With spread betting, you can take a position on Facebook shares irrespective of whether you believe that the company's share price will rise or fall in the near future.
As opposed to conventional shares dealing - where you profit by buying when prices are low and selling once prices have risen - spread betting offers traders the added advantage of profiting irrespective of whether share prices are going up or down.
Take a Position with Finspreads
Spread betting is a tax-free* alternative to conventional trading, enabling traders to take a position on over 12,000 financial instruments including shares, indices, currencies, commodities or more.
Find out more about the benefits of spread betting with Finspreads. Â
Spread betting is a leveraged product which can result in losses greater than your initial deposit. Ensure you fully understand the risks before you start trading.
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