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Did Facebook have a successful IPO last Friday? Absolutely. Facebook raised over $16 Billion dollars of public money to use to expand its business. Early investors who chose to cash out received an exceptional return on their investment. And that’s really what successful IPO’s are all about. Now, if you happened to be lead underwriter Morgan Stanley, or JP Morgan or Goldman Sachs, the other underwriting banks, Friday was not the best. In order to keep Facebook’s shares trading above the $38 initial price, the underwriters had to move into the market and buy shares. So, while 28 year old, Mark Zuckerberg joined the ranks of multi-billionaires, his bankers had a very bad day at the office – their fees reinvested in Facebook to prop up the stock price. What’s next? I’m not a financial advisor and this is not financial advice, but don’t be surprised to see this stock go down before it goes up.