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Tom White

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  • Why We Didn't Invest In Facebook's IPO [View article]
    What's interesting is that Morgan Stanley and the other underwriters by definition did a phenomenal job representing their clients (Facebook and its investors) by getting the highest price they could at the IPO. By doing so, it set an undesirable price for investors in the secondary market. I agree that you can't blame them for doing their job.
    Jun 9 02:49 PM | Likes Like |Link to Comment
  • Why We Didn't Invest In Facebook's IPO [View article]
    At $13, FB's stock would trade at 28 times earnings. You're probably not alone in waiting for that price. I don't know if we will see that day. Only time will tell.
    Jun 9 02:48 PM | Likes Like |Link to Comment
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