Facebook’s IPO Do-Over, This Time At $32

Thursday, May 24, 2012

Clearly, Facebook’s (FB) $38 IPO was a bust (because the price dropped). So, the “market” took matters into its own hands. First, it tossed out the Morgan Stanley (MS), Goldman Sachs (GS) & JPMorgan Chase (JPM) triumvirate’s hype, dismissed Nasdaq’s day-1 blunders and ignored investors’ cries of “Foul!” Then, it focused on the real Facebook: A large, unique company with broad market appeal, a global brand name, and a potentially bright future.

So, what is the result?

This article is posted on SeekingAlpha.com

 

 

 

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