May 4, 2012
Will Small Investors Get a Piece of Facebook
Craig and Rusli, New York Times
Facebook, which plans to make a market debut this month that could value it at $86 billion, is the stock that everyone seems to want.
If you are a small investor, lots of luck. Typically, shares of the hottest initial public offerings go almost entirely to the biggest clients of the Wall Street banks that oversee the stock sale. And no I.P.O. is as big or as eagerly awaited this year as Facebook’s.