Conflict-of-interest arguments are brewing about whether Morgan Stanley and other banks were allowed to make significant downward adjustments to Facebook's financial estimates during the deal's 9-day marketing period. Read More
Citadel Securities is the latest firm to report “significant losses” from Facebook trades on behalf of clients, according to people familiar with the situation. Read More
Despite Facebook’s trading flop, underwriters on the deal, led by Morgan Stanley, are in line to turn a potentially substantial profit through a trading mechanism designed to stabilize the share price, according to people familiar with the matter. Read More
Facebook, which had a disastrous initial public offering with the Nasdaq last week, is now considering a listing with the New York Stock Exchange, sources told CNBC. Read More
While trading glitches at the Nasdaq on the company’s opening day are widely seen as contributing to the sell-off, the stock’s lingering shortcomings are raising questions about whether or not lead underwriter Morgan Stanley (along with other banks) misgauged the demand, and the price of the deal. Read More
In the latest chapter of Facebook's trading saga, regulators will be stepping in to oversee a process that will attempt to reconcile Friday’s botched trades. Read More
While Facebook's shares have now ballooned to $38 per share, and perhaps more later today, it’s been a sometimes bumpy road for its private pricing history. Read More
Facebook priced its historic initial public offering at $38, a share at the high end of the expected range of $34-$38, becoming the largest internet IPO in history. Read More
Facebook has honed in on two possible dates to launch its initial public offering on the Nasdaq, according to a person familiar with the matter. Bankers & management are currently looking at a primary target date of May 16 to price the deal (with trading commencing the following day), according to this person. The company would begin marketing the deal on May 7 under that scenario. Read More
Facebook’s highly-coveted “FB” stock will list on the Nasdaq when the company makes its public debut in May, according to a person familiar with the matter. Read More