Facebook faces a lawsuit by new shareholders in the social networking company, filed less than a week after its IPO. The shareholders allege that Facebook misled them by filing untrue statements in legal filings with the S.E.C., failed to prevent such statements from being misleading, and did not properly prepare…
Articles Posted in IPO
That didn't take long. A class action lawsuit was filed yesterday against NASDAQ by an individual investor accusing the stock exchange of botching his Facebook stock (FB) orders on the day of the IPO. Plaintiff Phillip Goldberg alleges that he "placed purchase and cancellation orders for Facebook’s stock that NASDAQ…
Facebook's IPO on Friday brought with it problems for NASDAQ. The exchange's CEO Robert Greifeld acknowledged that NASDAQ had a host of trading glitches on the day of the IPO, including a foul-up with the trading system's ability to handle order cancellations. Now, NASDAQ's admission of its Facebook faux pas…
Facebook filed its Amended S-1 Registration Statement (read it below) with the SEC today, a little more than two weeks before the social media company's IPO. The company, whose NASDAQ ticker symbol will be 'FB' estimates "the initial public offering price will be between $28.00 and $35.00 per share." That…
Facebook is readying its initial public offering (IPO) by preparing an S-1 registration statement for filing with the S.E.C. next week, and is said to be anticipating a $75 - $100 billion valuation for the social networking giant. According to a report by The Wall Street Journal, unnamed sources maintain…