suzanne pratt reports. reporter: you may spend a chunk of your time on facebook. but, it s unlikely you ll get even a morsel of the i.p.o., at least not at the offering price. that s because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they ll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. i think you could certainly justify that price if you have good assumptions about the company s ability to keep growing quickly and not hit mature growth rates too soon. s&p says, if history is any guide, similar i.p.o.s have debuted strongly in the last decade. the average first day gain among the largest top 10 technology i.p.o.s is about 31% gain on the first day. but, is facebook a buy at any price? that may depend on revenue growth from onli
reporter: you may spend a chunk of your time on facebook. but, it s unlikely you ll get even a morsel of the i.p.o., at least not at the offering price. that s because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they ll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. i think you could certainly justify that price if you have good assumptions about the company s ability to keep growing quickly and not hit mature growth rates too soon. s&p says, if history is any guide, similar i.p.o.s have debuted strongly in the last decade. the average first day gain among the largest top 10 is .s.% gain on the first day. but, is facebook a buy at any price? that may depend on revenue growth from online ads, and the potential for mobile ads. i t