Subscribe to this page now.

SEC, regulators to scrutinize Facebook IPO issues

05/23, 6:27am

Morgan Stanley allegedly warns investors on Facebook revenue estimates

The Facebook initial public offering (IPO) may have been hampered by the bank that brought the social network to Wall Street. The LA Times writes, Morgan Stanley was advising favored clients on reduced revenue estimates for Facebook, leading Wall Street insiders to avoid or drop shares. The US Securities and Exchange Commission will be looking into the Facebook IPO, with the Financial Industrial Regulatory Authority also expressing concern, particularly as this resulted in non-institutional investors with more shares than they had intended. With Facebook shares expected to be scarce, some investors over-ordered in the belief that they might miss out if they didn't, leaving them more exposed than they had planned.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Epson PowerLite Home Cinema 3500 projector

    Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

    Thecus N2310 NAS

    For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

    iRig Pads

    When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News