Analysts at Facebook's (FB) lead underwriters cut their revenue estimates ahead of the IPO,...

|About: Facebook (FB)|By:, SA News Editor

Analysts at Facebook's (FB) lead underwriters cut their revenue estimates ahead of the IPO, reports Reuters, passing the information on to a few of their key clients. "My biggest hedge fund client told me they lowered their numbers right around mid-roadshow," says an IPO researcher. He still bought the issue, he says, but flipped it immediately and went short. Shares -3.8% premarket.