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JPMorgan Chase & Co. Message Board

  • sushibn sushibn May 19, 2012 9:53 AM Flag

    FB next for JPM???

     

    OH MOTHER???






    ...
    Company filings after the market closed on Friday night however revealed the extent to which the banks who led Facebook’s initial public offering - in which $16bn of shares were sold to new investors - were forced to move in to the market and buy shares in order to keep the price above the $38 level. Morgan Stanley, Facebook’s lead financial adviser, ended the day with 162m shares, worth $6.16bn. Other banks including JP Morgan and Goldman Sachs also bought shares, ending the day with $3.2bn and $2.4bn holdings respectively.
    The ‘sell’ recommendation to investors will make Facebook’s advisers even more nervous ahead of the resumption of trading on New York’s Nasdaq exchange on Monday morning.

    http://www.telegraph.co.uk/technology/facebook/9276699/Facebook-IPO-fight-back-begins-share-price-implausible-says-analyst.html

    This topic is deleted.
 
JPM
61.77+0.49(+0.80%)Mar 2 4:00 PMEST

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