Daytrader's Last-Minute Guide to the Facebook IPO

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It's finally here. Facebook
FB
, the largest social media company, will commence life as a public company this morning in what some have called the most anticipated Silicon Valley IPO since Google
GOOG
raised $1.9 billion eight years ago. Facebook priced 421.2 million shares at $38 apiece, meaning the company will raise $16 billion and sport a market cap of about $104 billion when the stock opens for trading. To prepare, traders might want to look at the behavior of previous IPOs when they opened for trading. Because intraday stock charts are not easy to find on most free websites, we are providing the intraday, one-minute candlestick charts six marquee IPOs from the past 12 months courtesy of Ninjatrader. These charts will be helpful for traders who want to recall exactly how IPOs have traditionally behaved during their initial minutes of trading. All charts show the first three hours of raw trading and include volume bars.
Caesars Entertainment CZR
Raised: $16 million Debuted: February 8, 2012 IPO intraday chart: http://bit.ly/ipo_CZR In its most recent incarnation as a public company, Caesars, formerly Harrah's, got off to a stellar start, but enthusiasm waned as the day went along. Debt-laden Caesars is viewed as one of the riskier bets among casino stocks, no pun intended, and that is reflected in the fact the shares have lost 12% this year.
Zynga ZNGA
Raised: $1 billion Debuted: December 16, 2011 IPO intraday chart: http://bit.ly/ipo_ZNGA The maker of the Farm Ville and Mob Wars, among others, for Facebook, was one the first marquee social media firms to test the waters as a public company. Despite knowing that Zynga was profitable prior to its IPO, the shares traded lower throughout the first hours of the stock's debut day. Zynga rebounded and flirted with $16 as recently as March, but the stock price has been almost sliced in half since then.
Michael Kors KORS
Raised: $944 million Debuted: December 15, 2011 IPO intraday chart: http://bit.ly/ipo_KORS Michael Kors also slumped in first few hours of trading, but that wasn't a sign of things to come as the shares would eventually traverse $50. Just below $38 at Thursday's close, Michael Kors, which makes high-end handbags and other accessories prized by women everywhere, is still up 39% this year.
Freescale Semiconductor FSL
Raised: $783 million Debuted: May 26, 2011 IPO intraday chart: http://bit.ly/ipo_FSL The semiconductor, microcontroller and microprocessor maker didn't provider a lot of excitement in its first hours as a public firm, but it has since then. This was a $16 as March. It closed at $9.75 Thursday and is down 23.2% year-to-date.
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Air Lease AL
Raised: $803 million Debuted: May 26, 2011 IPO intraday chart: http://bit.ly/ipo_AL Air Lease, which is coming up on its first birthday as a public outfit, got off to a decent start in its first day of trading, but enthusiasm died down by the late morning. Enthusiasm for the stock has since continued to be scant as Air Lease shares are off 26% in the past year.
Arcos Dorados ARCO
Raised: $1.25 billion Debuted: April 15, 2011 IPO intraday chart: http://bit.ly/ipo_ARCO The largest operator of McDonald's
MCD
in Latin America was not well received by investors at the onset. An exception on our list because it debuted 13 months ago, Arcos Dorados has yet to benefit from its emerging markets exposure and the McDonald's brand as the shares have plunged 44% in the past year.
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