ipo
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WSJ: Blame Morgan Stanley For Facebook’s Woeful IPO
Since the start of the week, Facebook’s stock price has been sinking like an anti-social stone. Despite NASDAQ’s open admission about screwing up the offering, the Wall Street Journal is pointing its finger higher up the chain.
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Facebook Will Offer Up 50 Million More Shares Than Expected
Facebook has announced that it will be selling an extra 50.6 million shares, at a price likely to fall between $US34 and $US38 per share, reports TechCrunch. That should snag them at least another $US13.1 billion — and probably push their final valuation north of the expected $US100 million.
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Will Facebook Mobile Ads Be Here By March?
Last week’s IPO filing was bound to see Facebook push for extra revenue, and it is. The Financial Times reports that Zuckerberg is bringing ads to mobile devices in the next two months.