I don't see why FB's IPO should be considered a failure, from the perspective of earlier investors. They sold stock at an IPO price even higher than the market could support. What's not to like?
Of course institutional IPO investors don't like it, because they want to buy stock at a discount and sell it with a big bump the next day. But the early investors are the losers in that scenario.
I guess you could argue that the IPO investors just won't play ball if they can't get their free money, but I think more likely they'll just be more careful about pricing next time.
Of course institutional IPO investors don't like it, because they want to buy stock at a discount and sell it with a big bump the next day. But the early investors are the losers in that scenario.
I guess you could argue that the IPO investors just won't play ball if they can't get their free money, but I think more likely they'll just be more careful about pricing next time.