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Facebook IPO: Strangest Of All Time?

Technology glitches, insane valuations, secret disclosures, and high-frequency trading have all played a part in the Facebook IPO soap opera.

Facebook's much-hyped initial public offering is turning into the strangest IPO in history, as the various players involved in the offering--Facebook, Morgan Stanley and Nasdaq OMX--confront unanswered questions, lawsuits and regulatory investigations stemming from last Friday's less-than-stellar public company debut.

Seemingly at every level--technological, investment, and legal-- Facebook's IPO has suffered from a series of embarrassing blunders that have tarnished the reputation of Nasdaq, which experienced a technical malfunction in its software and infrastructure, and the IPO's lead underwriter, Morgan Stanley, which has been criticized for the way it hyped, priced, and sized the deal.

Nasdaq OMX is under regulatory scrutiny for a series of technical glitches, while Morgan Stanley and other underwriters are facing allegations that they cut earnings projections and only informed select big institutional investors, which may or may not be a violation of securities laws.

Read the rest of this article on Wall Street & Technology.

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User Rank: Apprentice
5/31/2012 | 4:21:22 AM
re: Facebook IPO: Strangest Of All Time?
Why would you expect anything less from immature people who may be smart but don't have an ounce of common sense between them?
User Rank: Strategist
5/28/2012 | 5:58:11 PM
re: Facebook IPO: Strangest Of All Time?
I don't understand the strange label. Seems standard Wall Street ops excluding the technical hiccup (at least my experiences over the past decade). Only difference seems to be the vocal public complaints. Could it be they are better informed that years past?
User Rank: Apprentice
5/25/2012 | 12:20:39 PM
re: Facebook IPO: Strangest Of All Time?
Another reason to ignore the hype from the Wall Street types. Snake oil has a new name.
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