Facebook IPO should be reviewed says regulators

[Derrick]

Facebook IPO should be reviewed: Regulators

Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange...

 

[Sinbad]

THe only thing that needs review is the sanity of those fools who really thought facebook was worth a hundred thousand million dollars.

 

[bex.cpt]

THe only thing that needs review is the sanity of those fools who really thought facebook was worth a hundred thousand million dollars.

+1

 

[william riker]

mark zuckerberg and the board of facebook are not entirely free of blame, there are BIG egos on that board and zuckerberg was chasing a $100 billion market cap.

he was advised that an offering of around $25-$28 was more realistic as opposed to the offering of $38 a share.

traders knew something was wrong when they were getting their full allocation of shares and even more for others.