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To: Spekulatius who wrote (2760)5/22/2012 4:53:26 PM
From: batman100233 Recommendations  Respond to of 3249
 
Re: re FB - interesting to see so much blame for the FB IPO but is Morgan Stanley r

this wasn't an IPO, this was a secondary priced like an IPO. Normally secondaries are done at a discount.

can't wait to see the research out on this one....



To: Spekulatius who wrote (2760)5/22/2012 6:48:42 PM
From: Zoso_17  Read Replies (2) | Respond to of 3249
 
Re: re FB - interesting to see so much blame for the FB IPO but is Morgan Stanley

  • I think the IPO buyers are technically supposed to wait 30 days...or at least they discourage people flipping them on first day
  • One of the big issues against MS was non-public disclosure of the lowered revenue estimate
  • I think MS was "encouraged" to value FB at $100 billion..I don't think they really did their DD on the intrinsic value



To: Spekulatius who wrote (2760)5/22/2012 6:56:38 PM
From: Covenant4 Recommendations  Read Replies (2) | Respond to of 3249
 
Re: re FB - interesting to see so much blame for the FB IPO but is Morgan Stanley r

Nobody has been blaming Zuckerberg yet. He is a guy who ignores rules and does whatever he wants even if it is the wrong thing to do. You've already seen it on the privacy front.

This may be a case of Zuckerberg telling the bankers to price it as high as possible, even if the banks wanted to price it lower to start the market healthily. This will probably come out in the end as being the cause, but MS went along with it so they deserve to get some mud on their name.



To: Spekulatius who wrote (2760)5/22/2012 10:58:17 PM
From: cfimx  Read Replies (2) | Respond to of 3249
 
Re: re FB - interesting to see so much blame for the FB IPO but is Morgan Stanley r

greed on fb part. goog let the market price it's stock. it was misunderstood at the time and came out undervalued. but now it's up 7 times from IPO. How is FB going to increase the value of the shares by initially pricing it's public stock at over $100b? how do you move that boulder uphill when your profit is $1b?