He (or she) who hesitates is lost when it comes to purchasing shares in Facebook’s initial public offering Friday, as several brokers have reportedly stopped accepting orders for the long-awaited stock.
Morgan Stanley told advisers that it would put a cap of 500 Facebook shares on each client, according to Reuters, and one adviser told Reuters of having less than two days to contact clients and file “extensive paperwork,” adding, “It was a mad scramble.”
And Fidelity Spokesman Stephen Austin told Reuters, “The demand from customers is high.”
Readers: Were you or anyone you know shut out of trying to buy Facebook shares?
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