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IPO went wrong

The Facebook IPO, which opened with a bang, has proved a a disaster for the firm and the banks that had backed it. The share price are now at around $32, down 15% from its opening price at $38.

Guardian published a good account of the factors. http://www.guardian.co.uk/technology/2012/may/24/facebook-ipo-mark-zuckerberg-nasdaq

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  1. manasidashblog
    June 2, 2012 at 8:41 am

    The shares of Facebook is down to $ 30 from $38 at which it was introduced. With this Mark Zuckerberg has dropped out of the list of top 40 billionaires by a daily ranking of the world’s wealthiest- Bloomberg Billionaires Index.

  2. manasidashblog
    June 6, 2012 at 5:04 am

    Nasdaq OMX Group Inc. is telling brokers it plans to submit on Wednesday the first step in the exchange group’s bid to compensate investors for problems tied to Facebook Inc.’s IPO last month, the Wall Street Journal reported, citing people familiar with the matter.
    Nasdaq OMX’s plan to pay back brokers has been slowed by regulatory questions centered on exchanges’ ability to compensate customers.

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