It’s been 730 days since President Obama signed the historic Dodd-Frank Wall Street Reform and Consumer Protection Act into law, but many things have yet to be determined.
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.
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.
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.
Facebook's IPO price range is now final, and there will be no amendments to it on Thursday, a source tells CNBC.