Dueling Reports As Facebook IPO Is One Week Away
Is demand for Facebook’s May 18 initial public offering far lower than initially expected among institutional investors, or is the IPO already oversubscribed exactly one week before hitting the market? The answer depends on what you read.
Is demand for Facebook’s May 18 initial public offering far lower than initially expected among institutional investors, or is the IPO already oversubscribed exactly one week before hitting the market? The answer depends on what you read.
If you turn to Bloomberg for your business news, the buzz is that institutional investors are concerned about the social network’s growth prospects, and that Facebook executives are telling analysts the company’s most optimistic sales projections may be out of reach.
Bloomberg
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