As the market for technology IPOs revs up and the biggest banks seek to capitalize on the size of their balance sheets, the practice of companies selecting underwriters that also provided loans to them is coming under focus, spurred by Facebook’s IPO process.
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All-time top 10 IPOs for Internet companies
Facebook Inc. and its shareholders raised billion in an initial public offering of stock. It is the largest IPO by far for an Internet company. The amount raised comes from how many shares were sold by the company and its early investors – 421.2 million – at the IPO price of .
The Score Hears: YouTube QB meets the NFL
The Buffalo Bills already have a brainiac quarterback from the Ivy League on their roster and now they’re taking a look at the class clown from Division-III’s Midwest Conference. [!] Report this news Processing your request, Please wait.... Report
Street saves face
It was another Wall Street bailout — but this time the banks had to cough up the cash. Facebook’s underwriters propped up the social-network’s trading debut yesterday, as the shares threatened to crash through the initial public offering price of . The banks working on the massive billion… [!] Report this news
Banks spend big to prop up Facebook shares on first day of trading
It was another Wall Street bailout — but this time the banks had to cough up the cash. Facebook’s underwriters propped up the social-network’s trading debut yesterday, as the shares threatened to crash through the initial public offering price of . The banks working on the massive billion… [!] Report this news
Facebook stock up slightly in public debut
Facebook’s stock is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.
Bob-bing for bucks
It’s payback time, Bob. Facebook’s initial public offering underwriters are demanding that Nasdaq chief Bob Greifeld cough up tens of millions to cover their losses from the exchange’s bungling of the first day of trading. The big banks on the deal — Morgan Stanley, JPMorgan Chase and Goldman… [!] Report this news
In Facebook IPO, Frenzy, Skepticism
Facebook’s coming IPO has set off a frenzy of anticipation among investors desperate to get their hands on the stock. The social network raised its price range to to a share, resulting in a target valuation of up to 4 billion. [!] Report this news