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Bookmaker has released odds on the Facebook closing price at the end of opening day May 18, 2012 (find odds here).
Facebook has priced its IPO at $38 million ahead of Friday’s opening bell.
Fronted by 20-something CEO Mark Zuckerberg, Facebook could raise $16 billion in funding as well as an overallotment option.
"It sets the tone for long-term, product-driven Internet companies," says David Morin, a former Facebook executive and current CEO of the social networking company Path.
"They could have gone public in 2009 at a much lower price," said Nick Einhorn, research analyst at IPO investment advisory firm Renaissance Capital. "They waited as long as they could to go public, so it makes sense that it's a very large offering."
In addition to the Closing Price odds for Facebook, Bookmaker is also offering betting on what founder Mark Zuckerberg will be wearing on Friday.
FACEBOOK'S CLOSING PRICE ON OPENING DAY – Place Bets Here
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WHAT WILL MARK ZUCKERBERG BE WEARING WHEN FACEBOOK GOES PUBLIC ON MAY 18TH? ---- $50 LIMIT
WHAT WILL MARK ZUCKERBERG WEAR?
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- Aaron Goldstein, Gambling911.com
