With Facebook's upcoming initial public offering, some Facebook fans and potential investors are looking to get into the action without plunking down some significant cash, according to a blog post on Latimes.com.
Some would-be investors are turning to services that allow them to buy a single share of stock. These services, which include websites such as GiveAShare, OneShare and FrameAStock offer their customers the option to buy one share above the selling price, according to the story.
A recent Associated Press report stated Facebook on Tuesday increased the price range at which it plans to sell stock to the public as investor enthusiasm continues to grow.
The Menlo Park, Calif. company said in a regulatory filing that it now expects to sell its stock for between $34 and $38 per share, up from its previous range of $28 to $35. At the upper limit of $38 per share, the sale would raise about $12.8 billion, AP reports. Buying a share through these single-share-buying websites will cost more (especially if you include the frame), the Los Angeles Times blog post states.
The IPO is expected to be completed late Thursday and begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB."