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:
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.
- Facebook sets IPO share price at $38: $104 billion valuation
- Facebook files for $5 billion IPO
- Facebook's IPO in pictures and Facebook's IPO by the numbers
- Facebook updates IPO filing to underline Zynga deal
- Facebook details Zuckerberg's $500,000 salary, 45% bonus
- Facebook amends IPO a fourth time, includes Q1 2012 financials
- Facebook sets $28 to $35 IPO price range
- Facebook roadshow kicks off with a video, IPO prospectus released
- Facebook offers 50.6 million more shares, new $34-$38 price range
- Facebook increases IPO by 25%
- Facebook options trading to begin on May 29