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<blockquote data-quote="texan" data-source="post: 974426" data-attributes="member: 38206">The Failure of Facebook&#039;s IPOCompany filings after the market closed on Friday night however revealed the extent to which the banks who led Facebook’s initial public offering – in which $16bn of shares were sold to new investors – were forced to move in to the market and buy shares in order to keep the price above the $38 level. Morgan Stanley, Facebook’s lead financial adviser, ended the day with 162m shares, worth $6.16bn. Other banks including JP Morgan and Goldman Sachs also bought shares, ending the day with $3.2bn and $2.4bn holdings respectively.<a href="http://www.forbes.com/sites/timworstall/2012/05/20/the-failure-of-facebooks-ipo/" target="_blank">The Failure of Facebook&#039;s IPO - Forbes</a></blockquote>

[QUOTE="texan, post: 974426, member: 38206"] The Failure of Facebook's IPO [B]Company filings after the market closed on Friday night however revealed the extent to which the banks who led Facebook’s initial public offering – in which $16bn of shares were sold to new investors – were forced to move in to the market and buy shares in order to keep the price above the $38 level. Morgan Stanley, Facebook’s lead financial adviser, ended the day with 162m shares, worth $6.16bn. Other banks including JP Morgan and Goldman Sachs also bought shares, ending the day with $3.2bn and $2.4bn holdings respectively. [url=http://www.forbes.com/sites/timworstall/2012/05/20/the-failure-of-facebooks-ipo/]The Failure of Facebook's IPO - Forbes[/url] [/B] [/QUOTE]

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