4 ms·

I think (not a pro at this) all those shares have already been sold via IPO road shows to pension funds, banks, hedge funds and other investment houses. In fact

I think (not a pro at this) all those shares have already been sold via IPO road shows to pension funds, banks, hedge funds and other investment houses. In fact, I read they wanted even more shares than FB offered to sell ("oversubscribed.") So no major surprises. I doubt they just pick a number and just hope to sell $16 Billion

sek 14y ago
What happens when these institutional investors lose Billions in a short time? There will be lawsuits over lawsuits. If Facebook drops over 20% this year, shit will hit the fan. They don't wan't to take the blame, but have no power inside Facebook either. I wonder how they react, Zuckerberg can get powerful enemies here.
- lftl 14y ago
  Investing inherently involves risk. Assuming there's nothing fraudulent in FB'S filing documents what would investors sue over?
- beagle3 14y ago
  Are you aware of a recent case where an institutional investor representing "dumb" money (e.g. Pension funds) was successfully sued for bad investments? I am not.
- deleted 14y ago
  [deleted]