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Shareholders sue Facebook, NYSE comes calling By Jonathan Stempel and Dan Levine SAN FRANCISCO | Wed May 23, 2012 9:55pm EDT (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as a source close to the situation told Reuters that NYSE Euronext had opened discussions with Facebook about a potential stock listing there. Nasdaq also faces litigation from angry investors. Facebook's...

A Senate panel is reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may have provided select clients with a negative assessment of the company. A Democratic aide to the Senate Banking Committee says the panel wants to learn more about the initial public offering. The committee seeks briefings with representatives of Facebook, regulatory agencies and others. The aide spoke on condition of anonymity because the committee's planned inquiry hasn't been publicly announced. Regulators are examining whether Morgan Stanley, the lead underwriter for the IPO, selectively informed clients of an analyst's negative view of...

They got in. And now they're cashing in. Goldman Sachs was an early investor in Facebook. And now with the technology company ready to go public, Goldman will be among the first to cash out, according to Bloomberg, ready to dump $1 billion in stock, or about half of the Wall Street investment bank's shares. The bank and its accompanying funds will sell 28.7 million of the 65.9 million shares they own -- more than twice the amount initially planned -- Facebook said yesterday in a filing. Goldman did so in a way that left both American shareholders and regulators...

Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts. The Bloomberg poll conducted between January 21 and 24 shows investors disagree with Goldman Sachs' assessment that Facebook is worth more than Web pioneers such as Yahoo!, the biggest web portal, and eBay, owner of the biggest online retail marketplace. Palo Alto, California-based Facebook surpassed Yahoo! in October as the third most-visited website in the world, the report says. "Those...

Analysts for at least two of Facebook Inc.'s lead underwriters revised their financial forecasts for the company while it was holding initial-public-offering roadshow meetings with investors, according to people close to the deal. The revised figures were passed along only to some investors, according to Scott Sweet, an adviser with IPO Boutique who worked with hedge funds and others that were buying into the deal. That angered some who didn't get the updated figures, he said. Morgan Stanley and Goldman Sachs Group Inc. updated their financial projections for the social network after the company added warnings to its IPO prospectus...

Of Facebook, Mark Zuckerberg, IPO, Social Media and Weddings By Joel Leyden Israel News Agency New York --- May 21, 2012 ... Another historic tech, Internet IPO has taken place. One that made headlines on Friday and continues to leave many wondering if Facebook is really a safe investment? Share prices that started out at 38 dollars have now sunk today to 34 dollars. Is Facebook a good investment? The answer to that question is yes. As many criticize Facebook for lacking real value or service, comparing Facebook to Google that serves the function of finding things, Mark Zuckerberg stays...

NEW YORK (MarketWatch) -- The consumer Internet analyst at Morgan Stanley /quotes/zigman/182639/quotes/nls/ms MS +3.26% , the lead underwriter for last week's Facebook Inc. /quotes/zigman/9962609/quotes/nls/fb FB -4.64% IPO, trimmed his outlook for the social-networking firm's revenues just days before the deal went live, Reuters reported Tuesday. The report said that the action, which it said was relayed to some of Morgan's major clients during Facebook's pre-IPO road show, came as a surprise to many potential investors so close to the stock's debut. Reuters explained that the cut came after Facebook released an updated prospectus ahead of the share sale that cautioned...

Facebook immediately fell below $32 a share at the opening bell. http://www.google.com/finance?q=fb

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...