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

 

 

 

Leave a Reply

You must be logged in to post a comment.

Search

John Tobey on Seeking Alpha

Seeking Alpha Certified

May 2012
S M T W T F S
« Apr   Jun »
 12345
6789101112
13141516171819
20212223242526
2728293031