Friday, May 25, 2012

Facebook shares fall flat

Kira Kalinina
25.05.2012, 15:22
The first day of trading Facebook shares on the NASDAQ Stock Market have caused a scandal. Shares went just barely above the initial pricing. At the same time, it has turned out that underwriter Morgan Stanley provided certain investors with an accurate forecast regarding the Facebook shares and that everyone else did not receive that information.
The first day of trading Facebook shares on the NASDAQ Stock Market have caused a scandal. Shares went just barely above the initial pricing. At the same time, it has turned out that underwriter Morgan Stanley provided certain investors with an accurate forecast regarding the Facebook shares and that everyone else did not receive that information. According to media, only a few big investors such as Capital Research & Management and Fidelity Investments had the information before the IPO went on the market. They bought fewer shares than they planned. Smaller investors did not receive the forecasts prepared by Morgan Stanley, Goldman Sachs, and JP Morgan. Many analysts have commented on the scandal around Facebook.German Klimenko, the owner of the LiveInternet company, is one of the first Russian businessmen working in the internet sector who has tried to break the myths around Facebook.
Source: Voice of Russia

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