According to the article, Intrade, an online prediction market, is offering contracts that offer investors the opportunity to bet on where the Facebook stock will close on its opening day. “Facebook’s experience could mirror what happened in prediction markets when Google Inc. went public in 2004,” Reuters writes, citing Associate Professor of Economics Eric Zitzewitz’s observation that “past history suggests some useful information in these markets.”
Read the full story, published 5/15/12 by Reuters via the Chicago Tribune