According to the WSJ: Less than three days before Facebook Inc.'s initial public
offering, Chief Financial Officer David Ebersman decided to boost the number of
shares the company would offer investors by 25%, said people familiar with the
planning. His main adviser at lead underwriter Morgan Stanley assured him there
was plenty of demand, they said.
That decision by the 41-year-old Facebook executive may have
doomed any real chance the social-networking company had that its stock would
jump on its first day of trading—a hallmark of successful IPOs. On Tuesday, the
second full day of trading, Facebook shares fell $3.03, or 8.9%, to $31, ...
You can't stop now. Read all about it at http://online.wsj.com/article/SB10001424052702304019404577420660698374718.html?mod=WSJ_hp_LEFTTopStories
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