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Diary of an IPO: The Facebook Quiet Period is Over

Posted by on June 27th, 2012

For the past month, I have followed Facebook’s lead and remained quiet during the “quiet period.” The reason for this was there was nothing to say. Everything that needed to be said was already said, and Facebook hadn’t put out any news of major business importance. The quiet period is essentially a “cooling-off” period in […]

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Diary of an IPO: Facebook – When Reg FD catches up

Posted by on May 25th, 2012

While the issue of the big institutions getting material information during the roadshow and the individual investors not getting the information is very problematic with respect to Reg FD, the real issue that the market should be looking at is whether there was ever a correlation between the valuation ultimately placed on the company and […]

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Diary of an IPO: Facebook is the Internet Bubble 2.0

Posted by on May 17th, 2012

Tomorrow Facebook will go public with a stock price as high as $38 and a market value of more than $100 billion. This is great news for all the insiders who are selling shares and the institutions who are able to get in on the deal since they pay the mega bucks to the investment […]

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Diary of an IPO: The Setup . . .

Posted by on May 15th, 2012

The scenario unfolding with Facebook could not be more predictable (actually deja vu of the Internet bubble of 2000). As reported in the Wall Street Journal today, there is a frenzy going on to get in on the IPO. Demand has far surpassed supply, so what’s a banker to do – raise the stock price […]

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Diary of an IPO: S-1 Craziness

Posted by on May 11th, 2012

I just read that Facebook may raise the price range of its IPO and, if it does, will be filing yet another S-1 in the coming days.  I have been blogging about the baselessness of the proposed valuation of Facebook since prior to the roadshow commencing. To sum up almost 10 blogs (http://bit.ly/DiaryofanIPO) — I […]

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