Thursday, February 2, 2012

News: From hot stuff to flameout



If recent tech IPOs are an indicator, Facebook should beware the dangers of overhype. Julie Cohn explains:
A sampling of IPOs from the last year reveals that almost all major new tech offerings soared on overheated initial expectations at first, but quickly deflated thereafter. Reports surfaced late yesterday that said Facebook is expected to file paperwork indicating it plans to raise $5 billion using five banks as underwriters, led by Morgan Stanley.

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