IPO

Voices

Suing Facebook? Best of Luck.

Ronald Barusch, Columnist, The Wall Street Journal in News on May 25 at 1:44 pm PT

By Wednesday, after just three days of trading, several lawsuits had been filed against Facebook complaining about the adequacy of its prospectus disclosure. However, at least so far, there is no indication that anything is wrong with that prospectus.

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Some Facebook Underwriters Helped Short Sellers

Tom Lauricella, Jenny Strasburg and Jonathan Cheng, Reporters, The Wall Street Journal in News on May 25 at 6:00 am PT

As traders at Morgan Stanley were frantically trying to shore up Facebook Inc.’s share price following the company’s initial public offering, other managers on the deal were helping short sellers bet that the newly minted stock would fall.

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Some Big Firms Got Facebook Warning

Gina Chon, Jenny Strasburg and Anupreeta Das, Reporters, The Wall Street Journal in News on May 24 at 5:15 am PT

It is one of Wall Street’s best-kept secrets: Securities firms are allowed to selectively confer with favored large investing clients about crucial information as they prepare IPOs.

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Investors File Suit Against Facebook, Underwriters

David Benoit, Reporter, The Wall Street Journal in News on May 23 at 9:57 am PT

Three Facebook Inc. investors filed a civil lawsuit Wednesday in Manhattan federal court, alleging the company and its underwriters failed to properly disclose changes to analysts’ forecasts made at the underwriting banks.

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Inside Fumbled Facebook Offering

Shayndi Raice, Anupreeta Das and Gina Chon, Reporters, The Wall Street Journal in News on May 22 at 5:46 pm PT

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 percent, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said.

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Nasdaq Points Up Regrets in Launching Facebook IPO

Jenny Strasburg and Jacob Bunge, Reporters, The Wall Street Journal in News on May 22 at 3:55 pm PT

A senior Nasdaq Stock Market official told customers Tuesday afternoon that it would have pulled the plug on Facebook Inc.’s initial public offering had it known the full extent of the technical problems that plagued its systems.

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Nasdaq Confronts Liability on Traders’ Losses in Facebook IPO

Jacob Bunge and Brett Philbin, Reporters, The Wall Street Journal in News on May 21 at 12:52 pm PT

Nasdaq OMX Group Inc. faced the fallout for mishandling Facebook Inc.’s initial public offering, as irate brokers and traders demanded the exchange company make up losses they blamed on Friday’s technical glitches.