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And now comes some news about the Facebook IPO that buyers deserve to be outraged about. Reuters Alistair Barr is reporting that Facebook's lead underwriters Morgan Stanley, JP Morgan, and Goldman Sachs, all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook. This is a...

And now comes some news about the Facebook IPO that buyers deserve to be outraged about. Reuters Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley, JP Morgan, and Goldman Sachs, all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business). Read more: http://www.businessinsider.com/facebook-bankers-earnings-forecasts-2012-5#ixzz1vbRXNlwU

Facebook shares [FB 33.64 -4.5918 (-12.01%) ] plunged more than 13 percent on Monday, falling below the $38 price of the initial public offering, in the social network's second day of trading as a public company. The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that the Nasdaq said on Monday it was changing its IPO procedures.

In the late 1990s, the craze for initial public offerings was hailed as the dawn of a new age. The Internet was replacing manufacturing. Who needed a factory floor when you could point and click? Facebook’s Friday IPO, which opened with a staggering $104 billion valuation for the company, hasn’t transported us back to the bubble years of the 1990s. But, like that time, today’s Facebook frenzy is about what our society values. When Mark Zuckerberg rang the opening bell on Friday, his company’s $38 share price wasn’t rooted solely in the economics of the social networking giant. What the...

.Facebook Inc. FB +0.61%took eight years to stage one of the most anticipated initial public offerings ever. The anticlimax came Friday, as Wall Street bankers struggled to prevent the newly minted stock from ending its first day with a loss. The stock had been widely predicted to soar on its first day. Instead, up until the closing moments of the trading session, Facebook's underwriters battled to keep the stock from slipping below its offering price of $38 a share. Such a stumble would have been a significant embarrassment, particularly for a prominent new issue like Facebook, the most heavily traded...

With Facebook shares trading close to their $38 offer price and revelations that retail investors got a larger-than-expected slice of the $18.4 billion IPO, market watchers are questioning whether the social network’s debut was overhyped — not just in the media, but in the investor community. Buy-side anticipation of a huge Day One price pop was high, and yet as of lunch time on Friday, Facebook shares hadn’t crested $45. Experienced bankers say that with a new issue of this size, moving the shares beyond the single-digit percentage range can be tough, and that Morgan Stanley [MS 13.35 -0.11 (-0.82%)...

Right now plenty of folks at Zynga are likely wishing this whole stock market thing was just a big social game. As Facebook debuted on the Nasdaq this morning, the social game maker, which both enjoys and endures a symbiotic relationship with Facebook, saw its own stock fall off a cliff, dropping 13 percent, or $1.10 a share. ...

Well, the deed is done. Facebook, which priced its IPO at $38 a share, opened for trading this morning at $42.05, 10.7% above the IPO price. Subsequent trades have been lower, and has been slipping from there; the stock is hanging tight at the $38 offering price.

I am watching the news before heading off to work and of course all the talk is about Facebook's IPO. Even one of the guys on CNBC was wearing a hoodie. There is all this talk about how tech IPOs have seen a "pop" in price of their new stock on average of 30%-40% on the first day of trading which would place Facebook as worth $50 on day 1 (35% over the IPO price of $38.) Why are Tech IPOs then systematically underpriced? If the Facebook IPO is so oversubscribed then why does Zuckerberg not say to whoever is...

Talk about a "Beautiful Day." Once the smoke clears from Friday's (May 18) Facebook IPO
, U2 singer Bono could be the richest musician on the planet. According to England's NME, the already flush, tech-savvy
 Irish rock icon owns 2.3 percent of the shares of Facebook through his investment group, Elevation Partners. Well before Facebook filed papers to go public, Elevation paid $90 million for the shares in 2009 and after what is expected to be the second-biggest IPO in history, Bono's share could be worth more than $1.5 billion.

Solar thermal technology startup BrightSource Energy hopes to raise $182.5 million in a long-awaited initial public stock offering, according to an amended S-1 filed with the SEC Wednesday. The Oakland-based company plans to issue 6.9 million shares, .. at a price between $21 to $23 per share. .. BrightSource uses mirrors to concentrate the sun and turn turbines that generate electricity. It's most advanced project is the massive Ivanpah Solar Electric Generating System currently under construction on federal land in California's Mojave Desert. When completed next year, Ivanpah will be the largest solar thermal power plant in the world, generating...

Facebook IPO Filing: All the DirtWall St. Cheat Sheet – 4 hours ago The much anticipated initial public offering for Facebook could be filed for as early as Wednesday. But as for the actual date for the IPO, an anonymous source says, “timing is still being discussed.” The article reports that the estimated valuation for the company will be between $75 and $100 billion, raising $10 billion. **SNIP** Mark Zuckerberg founded Facebook in February of 2004. The website claims more than 800 million members and has changed the way the world communicates. According to Dealogic, a $10 billion Facebook offering...

Facebook is in talks to hire Robert Gibbs, President Obama’s former White House press secretary, for a senior role in helping to manage the company’s communications, people briefed on the negotiations said. Facebook is seeking out Mr. Gibbs ahead of an initial public offering planned for early 2012, these people said.

General Motors Co. fell to the lowest since its initial public offering in November as rising oil prices dimmed the outlook for truck sales after the largest U.S. automaker’s most profitable year since 1999. GM slid $1.89, or 5.5 percent, to $32.70 at 1:21 p.m. in New York Stock Exchange composite trading. The drop marked the first day GM traded at less than its $33 initial offering price in November. Chief Executive Officer Dan Akerson is speeding the development and introduction of new models, including more fuel- efficient cars that may sell better as gas prices rise. GM used larger...

Goldman noted that the transaction has received heavy media attention in recent days and said "in light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the US." "Goldman Sachs concluded that the level of media attention might not be consistent with the proper completion of a US private placement under US law," it said. US securities law bars public promotion of private offerings and the Facebook deal has already reportedly attracted the attention of the US Securities and Exchange Commission (SEC). Goldman stressed that the decision to limit the offering...

  General Motors recently reported that it has a 93 to 95 day supply of vehicles at dealerships in its latest inventory report. This is well above the industry average of a 67 day supply, as well as exceeding analysts recommended 60 day supply. According to Jim Bunnell, general manager of GM's dealer networks, the reason is because they expect strong demand for vehicles. There is a more likely reason that should be a cause of concern for GM's new shareholders.General Motors records revenue when vehicles are shipped to dealerships. While GM has technically sold these vehicles to the...

Last week, GM sold stock in a public offering. At the same time, President Obama announced that the tough decisions made during his administration were beginning to pay off. He also indicated that the "American taxpayers are now positioned to recover more than my administration invested in GM, and that's a good thing." I do not know where to be amazed or appalled. First, contrary to popular administration folklore, GM did not survive bankruptcy. The name did, but that is all that happened. A new company acquired the name and assets of GM and is now the company being called...

Most news we hear regarding General Motor's IPO this week proclaim the event as a huge success. It would be prudent to consider whether the process leading up to and following the auto industry restructuring should be a template for future restructurings, as Alex Koch (head of Motors Liquidation or "Old GM") has stated. While some may argue the positive aspects of the GM bailout, it is more than just sour grapes or GM hating that contributes to a desire to have a continuing dialogue on the precedent setting procedures that may lead to a subversion of contract law that...

BOSTON--General Motors(GM), which raised at least $20.1 billion in an initial public offering, is to carmaker Ford(F) what financial company Citigroup is to JPMorgan(JPM), some mutual-fund managers say. (Snip) Frank Ingarra, co-portfolio manager at Hennessy Funds, says he finds better opportunities in other automotive stocks rather than trying to buy into something "where the government is only selling a small part of its position." "Whenever the government is involved in something, I get uneasy," Ingarra says. "A lot of the money raised goes back to the government, to the unions, and to all of these other entities."

General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock rose sharply in its first minutes of buying and selling, going for nearly $36 per share -- nearly $3 more than the price GM set for the initial public offering. The stock traded for less than a dollar when the company filed for bankruptcy last year. On the floor of the New York Stock Exchange, a crowd eight deep jostled around the company's trading post, adorned...