Social Media ETF (SOCL) On Watch As Facebook IPO Hits the Road
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Global X Social Media Index ETF (Nasdaq: SOCL) could be on watch over the next few weeks as Facebook's (Nasdaq: FB) IPO road show is expected to start next week with an IPO date of May 18 apparently set.
SOCL tracks the equity performance of the largest and most liquid companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications.
SOCL’s top holding are LinkedIn Corporation (NYSE: LNKD), Tencent Holdings Ltd (Hong Kong: 700), Dena Co (Tokyo: 2432), Sina Corporation (NASDAQ: SINA) and Gree Inc (Tokyo: 3632).
As the industry continues to expand through IPOs, the Global X Social Media Index ETF will include these new companies shortly after their public debut, providing an efficient way to gain exposure to the social media industry.
Once public, Facebook will likely dominate holdings in the ETF with an estimated value of more than $100 billion.
SOCL tracks the equity performance of the largest and most liquid companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications.
SOCL’s top holding are LinkedIn Corporation (NYSE: LNKD), Tencent Holdings Ltd (Hong Kong: 700), Dena Co (Tokyo: 2432), Sina Corporation (NASDAQ: SINA) and Gree Inc (Tokyo: 3632).
As the industry continues to expand through IPOs, the Global X Social Media Index ETF will include these new companies shortly after their public debut, providing an efficient way to gain exposure to the social media industry.
Once public, Facebook will likely dominate holdings in the ETF with an estimated value of more than $100 billion.
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