Report: Facebook IPO Underwriters Gain $100M From Efforts To Stabilize Stock

Not bad for a day’s work: According to published reports, the underwriters of Facebook’s initial public offering made about $100 million for their efforts to stabilize the scuffling stock.

Not bad for a day’s work: According to published reports, the underwriters of Facebook’s initial public offering made about $100 million for their efforts to stabilize the scuffling stock.

Bloomberg reported that all of the banks involved will share the proceeds, adding that much-maligned Morgan Stanley will use some of its share to pay back clients who are claiming losses due to technical difficulties in executing their trades.

Readers: What else could go wrong with Facebook’s IPO?

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