Do you 'like' Facebook? Judging by the rush of questions from subscribers about how they could participate in the company's forthcoming initial public offer (IPO), clearly many do.
The bad news is there is next to no chance of non-institutional Australian resident investors accessing the float, so if you want to own shares, your only option is to consider buying them once they are listed. Since many of you are interested, I'm going to tell you how you can buy Facebook and other international shares – but before I do, let's take a quick look at Facebook's IPO.
Is Facebook a good investment?
Almost all commentaries about Facebook have focused on its potential valuation (somewhere between $75 billion and $100 billion); very few have mentioned the numbers that count – Facebook’s earnings!