Description: The Wall Street analyst-turned-blogger Henry Blodget called it “a disaster.” The Wall Street Journal labeled it a “botched offering.” And after Facebook’s much-criticized initial public offering in May 2012, Morgan Stanley’s vaunted technology investment banking team, the lead underwriter on the deal, looked as if it were down for the count.
Date: May 09, 2014
Questions for discussion:
- Summarize discussions about performances by the firms presented in this report.
- Do you agree with these assessments?