Thursday, May 17, 2012

Facebook IPO Could be Delayed..

Our sources tell us that 'deteriorating market conditions' could force  lead underwriter Morgan Stanley to delay the Facebook IPO. Morgan Stanley's brass is 'flustered' with the  equity selloff today; nearly 12 consecutive days of losses. Rumors are that if the S&P breaks below 1,300 by tomorrow (Friday) morning, Facebook's IPO will be shelved until more favorable market conditions.

Thanks, POTC-

No comments: