No offense, but if you're asking these sorts of questions, you should probably be studying a LOT more about how this stuff works before you invest your risk capital.
That said, you don't HAVE to have a brokerage account with one of the underhahahahahars -- but it helps. In this situation, it'll help quite a bit - who knows who's going to get access to this auction and when. Definitely not your typical IPO.
Getting started -- contact Morgan Stanley or CSFB at the addresses
on this page and get yourself a prospectus about the offering. That'll give you the information you should be absorbing before even thinking about touching this POS...
Good luck!
