Recently, the pending Facebook IPO (Initial Public Offering), which will be the first public offering of stock in the company, and it is expect to hit the market sometime this month. The size of the issue is projected to be the largest IPO ever, even surpassing that of Google, almost ten years ago.
Oftentimes, the market is very volatile when any IPO comes to market, especially one with all of the potential hype of Facebook. The Initial Offering Price is very much a guesstimate when it comes to a stock that had not traded previously. That initial price might be too high OR to low.
Oftentimes, most of the shares in an initial stock offering are allotted to institutions and other large brokerage accounts. And, even then, the allocations are often only for a portion of what ha been hoped for–called an Indication of Interest (IOI).
I suggest that you do not try to purchase shares in the market in the day or two after the IPO. Sometimes the stock can trade up significantly, only to fall back a few days later.
SPEAK WITH YOUR FA FOR GUIDANCE AS TO WHETHER AND HOW YOU MIGHT BUY STOCK, EITHER OF FACEBOOK OR ANY OTHER IPO.