We all have bad memories of IPOs in Ireland, eircom’s one in particular. It’s looking likely that Facebook in the near future will go the IPO route. Facebook, not one for doing things the conventional way, even if the convention is about 3 years old could do something unexpected again. Imagine if they gave the members of Facebook options to be shareholders? They already listen to their people and even after all the hulabaloo over Beacon (which was more about a lameass “democrat” organisation finding a new target. MoveOn.org you’re tossers) and other issues, they amended things to keep people happy, they just caught Google out by checkmating them on OpenSocial and they have a few more clever things on the radar to make their users happy and make money from it.
It almost makes sense they’ll do what Google did and have a dutch style IPO but also offer cheaper shares to their users or give them options to buy.
What would that do to their stock though? Would 50Million shareholders mean that their whims, if tweaked, could see the stock go up and down like a yoyo or would it mean they just ensured 50M people are devoted to making the site work and recruiting everyone else? Would the stock would remain very stable as each shareholder feels they have a connection to each other and the Facebook board? What about the traditional institutional investors?
Whatever whichway, I bet the Facebook IPO will be fun.