A report from The Wall Street Journal indicates that Morgan Stanley, one of the underwriting banks for Facebook's IPO, tipped off big clients that Facebook's stock was overvalued.
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Public stock offering
The struggling Internet company has announced plans to sell half its stake in Alibaba Group, a Chinese Internet company that specializes in e-commerce.
Facebook IPO led to a lot of debate on technology sites about the true value of the company. Whatever you think about Facebook, however, is irrelevant. It's not going anywhere anytime soon.
Facebook's first day of public stock trading was a record in terms of the amount of volume generated but in the end the IPO ended just slightly higher than its starting price of $38 a share.
Facebook's public stock offering has begun after suffering from a delay in its launch on the NASDAQ stock market. It was supposed to officially launch at 11 am Eastern time this morning.
Mark Zuckerberg's former business partner at The Facebook, Eduardo Saverin, will save millions of dollars later this week, as he renounced his United States citizenship before Facebook's IPO.
A new filing indicates Facebook will be offering its shares at a higher price point than expected. There will also be more shares available than expected as well.
What worries Wall Street investors more than anything? Apparently it's Mark Zuckerberg's hoodie, which he wore to a meeting with potential investors.
Following the immense financial success of Angry Birds Space, the company is said to be preparing for an IPO currently set for next year.
Facebook has set the price range of stock for its IPO, according to sources close to the Wall Street Journal.
The Internet giant's IPO will likely be delayed to mid-June, as the company deals with distractions and recent deals, such as the purchase of Instagram and its patent deal with Microsoft.
As expected, Facebook has officially filed for its IPO today as it prepares to start trading the company's stock in public. It also says that the social networking service now has 845 million users.
New rumors have been posted that suggest Facebook could file for its initial public offering as soon as Wednesday, February 1 which could be worth up to $100 billion.
A big social networking web site is about to launch its public stock offering on Thursday but it's not Facebook although that company is reportedly thinking about it. The Los Angeles Times reports that the...