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

Advertisement

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    Lenovo Yoga Tablet 2 (Android, 10.1-inch)

    Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

    Brother HL-L8250CDN Color Laser Printer

    When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

    Moshi iVisor AG and XT for iPad Air 2

    Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

    Advertisement

    toggle

    Most Commented

     
    toggle

    Popular News