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GASPARINO: Facebook Furious At Morgan Stanley Over Leak Of IPO News

www.businessinsider.com
On Friday afternoon it was reported that Facebook planned to file for its IPO on Wednesday, with sources later saying the S-1 could be submitted as early as Monday. Also on Friday, we learned that Morgan Stanley was 'close' to securing the lead underwriting role, beating out rival Goldman...
GASPARINO: Facebook Furious At Morgan Stanley Over Leak Of IPO News
Facebook Reveals How Much Stock Each Bank Got, Morgan Stanley Nabbed $6 Billion Worth

Facebook Could be the Biggest Tech IPO in History

www.readwriteweb.com
People familiar with the matter say that Facebook could file for its initial public offering as soon as next week, according to reports from the Wall Street Journal. The source also says that Facebook is close to picking Morgan Stanley as the lead underwriter. The filing could happen next Wednesday,...
Facebook Could be the Biggest Tech IPO in History

Facebook Plans IPO Filing For Next Week (GS, MS)

www.businessinsider.com
Facebook is planning to drop its long-awaited IPO filing on Wednesday, the WSJ reports. The timing isn't set in stone and could still change, a source tells the WSJ. Morgan Stanley is "close" to becoming the underwriter. Goldman Sachs will also play a "major role." The filing will disclose...
Facebook Plans IPO Filing For Next Week (GS, MS)

Facebook's flotation: more pokes than likes | Editorial

www.guardian.co.uk
Even the biggest risks can come off in Silicon Valley, and Zuckerberg might just show he has the ingenuity to surprise cynicsTowards the end of his often revelatory book, The Facebook Effect, David Kirkpatrick quotes company founder and chief executive Mark Zuckerberg on what he really wants out of business:...
Facebook's flotation: more pokes than likes | Editorial

Morgan gets slap on wrist over botched Facebook IPO

news.cnet.com
Company, which was lead underwriter in Facebook offering, fined $5 million by state of Massachusetts. [Read more]...
Morgan gets slap on wrist over botched Facebook IPO

Facebook Gets Ready For Its IPO Filing

online.wsj.com
Facebook could file papers for an IPO as early as this coming week and is looking at a valuation of $75 billion to $100 billion. The social network is close to picking Morgan Stanley as the lead underwriter....
Facebook Gets Ready For Its IPO Filing

Facebook Stock May Tank This Week As Banks Run For The Hills (FB)

www.businessinsider.com
NEW YORK (Reuters) - Newly issued shares in Facebook Inc <FB.O> may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going...
Facebook Stock May Tank This Week As Banks Run For The Hills (FB)

Wow--Facebook Has Completely Sandbagged Estimates--Get Ready For An "Upside Surprise!" (FB)

www.businessinsider.com
Remember the selective disclosure problem before Facebook's IPO? That was when Facebook cut its earnings outlook during the IPO roadshow but only told big institutional investors about it. (Specifically, Facebook told the stock analysts at its IPO underwriters, who then cut their "estimates" and verbally told their big clients about...
Wow--Facebook Has Completely Sandbagged Estimates--Get Ready For An "Upside Surprise!" (FB)

Facebook IPO: newly released reports show analysts split on value of shares

www.guardian.co.uk
Angry investors may launch lawsuits, even as Facebook's latest apology to users comes over unilateral changes to email IDsFacebook received a mixed report card Wednesday from analysts at the banks that worked on its controversial share sale.Stock exchange rules have kept them quiet for 40 days but by lunchtime analysts...
Facebook IPO: newly released reports show analysts split on value of shares

Amid Lukewarm Wall Street Ratings, BMO Goes Bearish on Facebook

allthingsd.com
After Facebook’s rocky first month on the market, it’s not entirely surprising that the Wall Street analysts who ushered the company through its IPO are still mostly positive on Facebook’s outlook. Of the 18-odd banks involved in the underwriting process, nearly half of them gave Facebook a “buy” rating on...
Amid Lukewarm Wall Street Ratings, BMO Goes Bearish on Facebook

Morgan Stanley now loaning shares of Facebook to short sellers

thenextweb.com
Morgan Stanley is now lending shares of Facebook to short sellers, CNBC has recently reported. Morgan Stanley was the offering’s lead underwriter. On the day of Facebook’s IPO, its underwriting banks had to purchase the stock at several intervals to keep it from declining past its launch price. Short selling...
Morgan Stanley now loaning shares of Facebook to short sellers

Facebook could file IPO next week, aims for $100B valuation

news.cnet.com
The WSJ reports that Facebook could file next Wednesday to raise as much as $10B, and that Morgan Stanley may be its lead underwriter....
Facebook could file IPO next week, aims for $100B valuation

Ridiculous: SEC Boss Refused To Move Forward On Required Crowdfunding Rules To Protect Her 'Legacy'

www.techdirt.com
Earlier this year, the JOBS Act passed Congress with widespread bipartisan support, and was signed into law by the President. There were a few different pieces involved, but one that got plenty of attention was the opening up of crowdfunding for equity (i.e., owning actual shares in a company). In...
Ridiculous: SEC Boss Refused To Move Forward On Required Crowdfunding Rules To Protect Her 'Legacy'

Facebook shares fall again as criticism of IPO mounts

www.guardian.co.uk
Facebook stock falls 4.2% to $32.60 in first 90 minutes of trading, leading to questions over tech firm's financial prospectsShares in Facebook shares fell again on Tuesday as questions mounted over the company's financial prospects and its ability to grow fast enough to meet the hype surrounding its stock. In...
Facebook shares fall again as criticism of IPO mounts

Outraged Facebook Speculators Are Now Blaming Everyone But Themselves...

www.businessinsider.com
May 22 (Bloomberg) -- Let the Facebook Inc. finger-pointing begin. After one of the most anticipated initial public offerings in history, Facebook’s 11 percent drop yesterday prompted investors to fault everything from Morgan Stanley’s role as lead underwriter, to the company’s greed and the Nasdaq Stock Market. “It was like...
Outraged Facebook Speculators Are Now Blaming Everyone But Themselves...
Banks get $100M for "stabilizing" Facebook's IPO; uh, where was the stabilization?

Here's Another Concern For Facebook Investors--"Payments" Growth May Suddenly Flatten (FB)

www.businessinsider.com
This is wonky, but it might be interesting for those who are trying to figure out how much revenue Facebook can generate over the next couple of years. Facebook's revenue comes from two sources: Ads Payments Ads comprise the majority of Facebook's revenue--82% in Q1. But Payments revenue is growing...
Here's Another Concern For Facebook Investors--"Payments" Growth May Suddenly Flatten (FB)

Facebook IPO: Questions about disclosure swirl as stock stabilizes

www.washingtonpost.com
Facebook shares hovered around $32 Wednesday morning, its fourth day of trading, as several banks involved in the company’s initial public offering have come under scrutiny. Reuters reported Tuesday that the Massachusetts Secretary of the Commonwealth has issued a subpoena to Morgan Stanley, the lead underwriter for the social network’s...
Facebook IPO: Questions about disclosure swirl as stock stabilizes

Allen & Company Was the Only Facebook Underwriter Reporters Couldn’t Figure Out

www.betabeat.com
Mr. Allen. (Ted Thai / Getty Images) Facebook's S-1 filing is out, and almost all the early reports were true. The company has reserved the ticker symbol FB, although it has not announced on which exchange it will debut; the working number is $5 billion and the lead underwriter is...
Allen & Company Was the Only Facebook Underwriter Reporters Couldn’t Figure Out

Sorting Through The Facebook IPO-Related Rumors

www.allfacebook.com
There’s no shortage of speculation and rumors about Facebook’s upcoming initial public offering, some of it plausible, some of it not so much. First off, the Wednesday date that has been making the rounds from several sources does not mean that the actual IPO will occur Wednesday or Thursday. If anything...
Sorting Through The Facebook IPO-Related Rumors

With Morgan Stanley 'Close' To Lead Underwriting Facebook's IPO, This Goldman Banker Won't Be In A Good Mood

www.businessinsider.com
The news that Morgan Stanley is "close" to leading Facebook's IPO will not sit well at Goldman Sachs. Sure, the report on Facebook's IPO said Goldman would have a "major role." But for Goldman Sachs, on IPO like Facebook, the only acceptable "major role" is "lead underwriter." And that's...
With Morgan Stanley 'Close' To Lead Underwriting Facebook's IPO, This Goldman Banker Won't Be In A Good Mood

Shareholders sue Facebook, Zuck, Morgan Stanley and banks over IPO marketing process

thenextweb.com
In case you’re also following the kerfuffle in the aftermath of Facebook’s big IPO, here’s the latest update from Reuters: In a lawsuit filed in the U.S. District Court in Manhattan, Facebook shareholders are suing the company, co-founder and CEO Mark Zuckerberg and several banks, including lead underwriter Morgan Stanley....
Shareholders sue Facebook, Zuck, Morgan Stanley and banks over IPO marketing process
Facebook IPO: lawsuits and accusations cloud the bigger issue

Inside Fumbled Facebook Offering

allthingsd.com
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...
Inside Fumbled Facebook Offering

Nasdaq CEO Lost Touch Amid Facebook Chaos

online.wsj.com
Interviews with more than five dozen big and small investors, market makers, regulators, Nasdaq officials and people close to Facebook or lead underwriter Morgan Stanley provide the most detailed picture yet of what went wrong at Nasdaq when Facebook went public....
Nasdaq CEO Lost Touch Amid Facebook Chaos
The severe Facebook revenue revisions that sent investors running

Okay, Here's How To Fix The Ridiculous Rules That Enabled The Facebook IPO Scandal...

www.businessinsider.com
A veteran journalist tells me that now it's not just Morgan Stanley who is blaming me for the Facebook IPO selective-disclosure scandal--it's Facebook, too. Not officially, of course! Just on background, when folks ask how it could possibly have been fair for Facebook and Morgan Stanley to tell big institutional...
Okay, Here's How To Fix The Ridiculous Rules That Enabled The Facebook IPO Scandal...

Report: Spotify Has Closed A Massive Fifth Round Of Funding That Values It At $3 Billion

techcrunch.com
Following our scoop that Spotify made $200 million in revenue in the first six months of 2012, AllThingsD is reporting the streaming music service has closed a big funding round at a $3 billion valuation. This would be Spotify’s fifth big round, and could add more than $100 million to...
Report: Spotify Has Closed A Massive Fifth Round Of Funding That Values It At $3 Billion

"What Wall Street did to us in 1999 pales in comparison to what they did to the country in 2008."

parislemon.com
"What Wall Street did to us in 1999 pales in comparison to what they did to the country in 2008." - Toby Lenk, the former CEO of eToys, which is still the subject of a lawsuit against Goldman Sachs, the underwriter of the eToys IPO in 1999.  Interesting column by Joe...
"What Wall Street did to us in 1999 pales in comparison to what they did to the country in 2008."
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