CHARLOTTE, NC (WBTV) - Facebook is expected to begin trading on the Nasdaq Stock Market Friday, under the ticker symbol FB.
"I saw the movie about it, it's worth multi-billions," says Charlotte resident Kevin May with obvious excitement. And now people like May - who've never invested before - are thinking about diving into the market. "It might be a good way to make money," he says.
"I'm a user, so why not be an investor also?" adds Keith Roper, also of Charlotte.
Well, today, Facebook said it would give more people a chance, boosting the number of shares it'll sell in its Initial Public Offering. But the other thing that's skyrocketing right now is the cost.
The expected range is at $34 to $38 a share from the $28 to $35 range previously targeted. And the price won't be finalized until Thursday.
"Tomorrow's Thursday," Roper says, "so I might be going to the bank, getting a withdrawal."
He better be prepared to break the bank, though.
Clark Hodges is a stock market strategist. "I would be shocked if the first trade wasn't above $80 a share," he says.
But even if you manage to get your hands on some Facebook, will it be worth it?
Groupon soared into the $30s on the first day of trading, but now trades at around $12.
Pandora shares priced at $16, soared to $26, but now trade for under $10.
And there has been some talk about Facebook fatigue.