CNBC's Julia Boorstin gives an update on the Facebook IPO

I earlier in the show we established that night isn't FaceBook junkies. Well not quite a couple time loser on the -- couple times a difference yeah well how much time I think hey I've come down your office and I've seen you want. OK you know I mean seriously looking at pictures etc. kids we are spending way too but I got a ways to match -- Think this way I don't want it to -- them are right well speaking of FaceBook our next guest is Julia worst and from CNBC she is following the FaceBook IPO. Julie welcome to the show Larry Dolan. I'm good. -- at the pleasure to be here. So the IPO's Friday right that's the of the big. Right we're expecting the company to prank on Thursday and start trading on the open market on Friday. And I read this morning on CNBC I think I read. Thirty Ford thirty dollars a share yet undetermined. Yes so just I yesterday just last night company raised the price target range between 3430. Dollars per share -- app from. A range of twenty dollars to 35 dollars pressure -- that indicate. Very strong demand from investors so far. -- what's the symbol going to be. FB OK now. Let me ask you -- this this is gonna come up a lot of individual investors are gonna go to Mary E*Trade account to where they do there they're trading. And they're gonna wanna buy a share so they're gonna put in an FB and -- -- gonna put in a market order. If they do that at 930 on it we'd be of the duke before the market opens we've -- of the put in any. Before the market open if you wanna buy -- -- -- goes through your broker and you have to -- you know have one of the bank has been an early application shares. But I think that once the market open and you'll be able to buy shares if I'm going to E*Trade and and putting in -- That ticker symbol but the key thing here is that this -- this stock it's probably didn't see it peak champs. In its valuation the first day of trading and we get to -- -- door. By by a lot though -- the question of at what point you can. Well I talked to an analyst in said he figures it'll settle on the first day of this is prediction at fifty woody what are you -- Pino I'm not gonna I'm not completely bad but I would day I would be shocked. -- it's not really down by its first day there's so much interest in the both institutional investors and just from. You know regular investors who are familiar with the company because they use -- that every day I think this is gonna be -- on an interest. How did it get the valuation. Let let's caught 36 dollars a share how did they come up with that valuation is the issue is that fair market. Well I think that what happened is it being -- -- committee is read that at target price. Because they've been meeting with investors around the company and -- part of their approach where they go in -- company. Different mutual investors around the country I was just I'm one of their stops and Eric show come on Friday and hell out of and the demand in those strong. That you know higher demand means higher priced. And the investors lifeboat to -- the record that they were going in and out of the meeting. They've set up every single one of them that I I'm really want to get in on the IPO I wanna buy as many here it is -- allocate to our firm. And you know we think that stock has really -- -- the first state trading the people were really excited and all that demand. Prompted in the street their -- -- silly it's a function and then. Of excessive demand and a lot of excitement around the stock however there at Harvard University years there is a study done. And they said. -- three out of four between the ages of 23 in twenty ninth state that FaceBook is falling out of -- that's in today's Boston Herald. That then that's consumer level not. Institutional investor level and for me. Absolutely that -- that what that's talking and it's how people use the site at -- now. 901. Million monthly active futures around the world that at the numbers that com that states have reported their chemistry and am -- SEC filing but the question of whether or not -- -- the -- it -- -- -- -- -- basically in the next MySpace and Russian people a -- yeah. On everything you know it's a tough question and FaceBook. -- at risk factors that it into presidency he did say you know. You know we need to maintain her popularity -- the risk of people decide anyone has spent their time elsewhere is -- -- arrest them. But I'm one thing we have to keep in mind is. Your teenagers. Add in that in the Boston Herald may be saying that they're spending their time and different services like Tumblr or whenever. But on these but is not just the US there it is also a huge internationally. And M overseas is where it have a lot of growth you know. It's growth may be willing here in the west simply because it is as America's service that you can only grossed a match. But it isn't just limited. US and especially as more and more people accessed based book on mobile device is that opens up. The market of who can use -- spent too much broader. A lot of people. Come but but as to whether or not is -- the popularity there are services like Tumblr. Which are which are that are growing in popularity but they are quite like FaceBook and is -- to say whether or not people sort of treat state that it feeling that they inherently do and and you think about doing anymore. And it would become part of their lives and then they maybe experiment more with services whether it's -- path which at that and more need special network or. Like Tumblr which is sharing service in addition and whether it but it become they've gone the back burner. Usually they're gonna trade on the NASDAQ right. Will foreigners be able to abide by it like little people in China be able to buy shares Japan. Britain well because of the European markets will still be open to win the when the bell goes off and -- heard it. -- -- -- if they if they can have access to the US stairs they're brokers there were on the that they can -- in the same way that we can I am orange haired. People I believe that they'll be able cannot -- battling back but just that the -- -- basic packet and any other public. I don't even staying California for the IPO orient come I. Be it'd be outside of state but headquarters I'm turning on Wednesday night part of the -- and memo park has cited as if the headquarters then. -- reporting there all day Thursday and all they've Friday and we've got a great. The great show lined up for 1 can be tight eastern on Thursday and doubt that there's special video inside of state -- headquarters between the really really -- had ordered they've got. And -- epitaph here react and actually aren't that -- that's out there out and got lots of good stuff that well we'll stay kind of seeking and. June that's your kind of place you you know you should get a job and faced them. They -- -- -- just thinking you can -- implement that here yeah that's that I would think right are regularly call us on Friday could I'm gonna buy some shares -- in -- had to pay for those that. I -- very carry your hobby -- Sitting out a statement you know I've sent. -- write down -- track down I was all right. As Julia divorced and joining us today from CNBC giving us her perspective on the FaceBook IPO.