Insight: Morgan Stanley cut Facebook estimates just before IPO – Reuters

by Blogburger on May 22, 2012


New York Times
Insight: Morgan Stanley cut Facebook estimates just before IPO
Reuters
By Alistair Barr (Reuters) – In the run-up to Facebook's $ 16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his
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