The stock opened well on Friday, its first day of trading and traded record volume but at the end of the day it was not a winner. It has been down hill since and now questions are being raised about how the bankers handled the IPO. Reports have come out that the lead bankers changed revenue forecasts midway into the IPO roadshow; the problem being not everyone had access to the same information.
This kind of controversy only a few days into trading for one of the most anticipated IPO�s in the market does not bode well for the average retail investor confidence in the market.
Facebook (NASDAQ: FB) initial public offering consisted of 421,233,615 shares of its common stock at a priced to the public of $38 per share.
Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities are serving as book runners for the offering. RBC Capital Markets and Wells Fargo Securities are serving as active co-managers.
About Facebook Founded in 2004, Facebook's mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them.
Read the entire S1 IPO filing for Facebook: http://www.sec.gov/Archives/ edgar/data/1326801/ 000119312512034517/d287954ds1.htm
Research Social Networking stocks:
Visit the Investorideas.com Social Networking Stocks Directory preview page:
http://www.investorideas.com/TSS/Social_Networking_Stocks.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; water and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, natural gas stocks, tech (includes cloud and social networking), defense stocks, nanotech, China stocks and agriculture.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Become an Investor Ideas Member Today - Get 24/7 access to our exclusive members only - 13 stock directories; energy, renewable energy, mining stocks, water, biotech. Added bonus for members - New Tech Stocks Directory for Social Networking and Cloud Computing Stocks
Visit the Investor Ideas membership page to learn more at: http://www.investorideas.com/membership/
Sign up for the free investor news letter and get stock alerts in leading sectors! http://www.investorideas.com/ Resources/Newsletter.asp
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
Source - Investorideas.com
800-665-0411
Groupon, launched in November 2008 in Chicago, features a daily
deal on the best stuff to do, eat, see and buy in 48 countries around
the world. Groupon uses collective buying power to offer huge discounts
and provide a win-win for 
Yelp connects people with great local businesses. Our users have contributed a total of approximately 25 million cumulative reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics, plumbers and more. These reviews are written by people using Yelp to share their everyday local business experiences, giving voice to consumers and bringing “word of mouth” online. The information these reviews provide is valuable for consumers and businesses alike. Approximately 66 million unique visitors used our website, and our mobile application was used on approximately 5.7 million unique mobile devices, on a monthly average basis during the quarter ended December 31, 2011. Businesses, both small and large, use our platform to engage with consumers at the critical moment when they are deciding where to spend their money. Our business revolves around three key constituencies: the contributors who write reviews, the consumers who read them and the local businesses that they describe. Yelp communities have taken root in major metros across the US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands, Spain, Italy, Switzerland, Belgium and Australia.