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

    Cat B100

    Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

    Linksys EA6900 AC Router

    As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

    D-Link DIR-510L 802.11AC travel router

    Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News