LinkedIn’s float right now is just 60M shares vs FB 420M ??? Hello shorts???
Read & Learn the hartd way...Wall Street including JPM will make a killing today selling this high & Short it...lol
As a trader, I don’t love that Facebook is increasing the float right before its IPO debut. The lower the float, the higher the chance this stock can pop huge if demand is truly as high as some are anticipating. Remember when LinkedIn (LNKD) came public? LinkedIn didn’t bring anywhere near 420 million shares to the market for its IPO, and the stock more than doubled on its trading debut. To put things into perspective, LinkedIn’s float right now is just 60 million shares.