BUSINESS
02/02/2012 01:49 EST

Canadian Investors Shut Out Of Facebook IPO

AP

Canadian Facebook fans are unlikely to share in the excitement of the social media giant's hotly anticipated initial public offering.

That's because only the biggest Canadian players have accounts with the social media company's underwriters, who are responsible for doling out shares to investors.

Investment advisors, who usually receive fewer shares than they want of a stock that's in high demand, then distribute those shares among their clients.

By the time Facebook shares actually hit stock exchanges, the price is expected to at least have doubled from the initial asking price.

Facebook hopes to raise about US$5 billion in its IPO when the company sells a small piece of its business to the public. The offering is expected later this year.

The entire California company could be valued at US$100 billion or even more, depending on the market reaction to its stock sale.

HOW FACEBOOK'S IPO COMPARES TO OTHER HUGE TECH OFFERINGS

Also on HuffPost

Photo gallery How 10 Tech Juggernauts Fared After IPO See Gallery