Browsing Tag
IPO
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Facebook flotation woes & investor disquiet
As you read this, Facebook's share price is probably trading about almost 30% below the flotation price. A flotation price that was unfathomably high. Mark Zuckerberg's (paper) net worth is probably down 4 billion dollars and his company, the world's leading social media website and some of its advisors may well be facing lawsuits.