CNBC's "Mad Money" host Jim Cramer weighs in on whether it's the right time to dive into Facebook's IPO. His advice: "Everyday people shouldn't buy this stock."
Facebook shares are expected to begin trading Friday at 11 a.m. ET on the Nasdaq stock exchange, giving the general public a chance to buy shares of the social network company for the first time.
Of course those shares will come at a price. Facebook priced its initial public offering at $38 a share Thursday, a price granted mainly to wealthy investors and well-connected fund managers. The price values the eight-year-old company at more than $100 billion and easily could go higher when trading begins.
Should you buy a few shares for your portfolio? CNBC’s “Mad Money” host Jim Cramer (above) says no.