wallstj, its a good recap , read the comments after the story, tho i still dont see anyone trying to inform the public on IPO structure and how to AVOID the IPO cons. To be fair seeking alpha and motley fool writers are putting out so much worthless garbage i dont read it any longer, maybe someone did a good job on the structure issue ??
btw, wouldn't it be nice if EVERY insider for the first year had to file a very simple form DISCLOSING what price he paid, when he bought it, the day he sold it and what price he got ? Im my day lawyers charged 1000$$ or more to fill out FORM 144, no doubt these days it 3k or a lot more, we don't need that type of filing. I would LOVEEEEEEEEEEEEEE to know how many shs of FB have been sold since the IPO close, how much money was raised and who sold. I'm going to recheck the S1 and the latest 10q, see what i see ??
If the underwriters’ option to purchase additional shares to cover over-allotments is exercised in full, the pro forma as adjusted amount of each of cash, cash equivalents, and marketable securities, additional paid-in capital, total stockholders’ equity, and total capitalization would increase by approximately $116 million, after deducting underwriting discounts and commissions, and we would have 680,241,149 shares of our Class A common stock and 1,460,938,730 shares of our Class B common stock issued and outstanding, pro forma as adjusted.