IPO day: How high will FB go?

IPO day: How high will FB go?

Summary: Have you wanted to predict Facebook's final share price at the end of day one? Now is your chance: FacebookIPODayClosingPrice.com lets you do exactly that. All you need is a Twitter account.

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Facebook will go public Friday morning and start trading on the Nasdaq under the "FB" ticker. Don't you wish you could predict what the price will be? Well, maybe you can. There's a way to test your supernatural stock market powers, and of course it's on the Internet.

Angel investor Chris Sacca asked for a website where people could predict how high (or low) Facebook's stock would go on day one. Programmer James Proud agreed. Ask, and ye shall receive: FacebookIPODayClosingPrice.com.

Here's how the conversation went, on Twitter, rather than Facebook:

Sacca: Will someone please make facebookipodayclosingprice.com? I would love to see all the pundits place their bets. Proud: @sacca Ok! Proud: @sacca yo, so I went and created

All of that happened yesterday. Proud explains:

A quick hack from @jamesproud inspired by @sacca's tweet. I thought it’d be cool to know and build.

Quickly knocked together with Python, Tornado, Postgres, Redis, Heroku, no sleep and Bootstrap.

At the time of writing, the site told me that "900 people have predicted at an average closing share price of $54 valuing Facebook at $ 135,718,802,154." That's a 42 percent increase over the $38 IPO share price.

All you need is a Twitter account. Sign in with yours to place your bet on what price Facebook's stock will be at market close on Friday. This might help you out, Facebook IPO: Final numbers.

See also:

Topics: Legal, Banking, Social Enterprise

Emil Protalinski

About Emil Protalinski

Emil is a freelance journalist writing for CNET and ZDNet. Over the years,
he has covered the tech industry for multiple publications, including Ars
Technica, Neowin, and TechSpot.

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  • So 2000...

    This really feels like the 2000 dot-com bubble. People invest a fortune in anything that has a .com at the end of it's name, no matter what they report in earnings. I really think people are going to buy Facebook without taking in to account that they have already almost reached market saturation and they are going to have a hard time monitizing the mobile market.

    I'm one of the idiots who plays their games and have spent about $250 in the last year buying various credits to help me along. But I'm done with that now and the newness has worn off. I really hope investors don't put money into Facebook they can't afford to lose. I think they will go down as the shine wears off. I'm sure they will be profitable, but I don't think they will be the half trillion dollar company people hype them to be. Especially not in the short term.
    Admin71