"REVEALED: The Full Story Of How Facebook IPO Buyers Got Screwed"
REVEALED: The Full Story Of How Facebook IPO Buyers Got Screwed
by Henry Blodget at Business Insider
http://www.businessinsider.com/how-facebook-ipo-investors-got-screwed-2012-12
"SNIP.......................................
The Massachusetts "consent decree" tells the behind-the-scenes story of how the negative information about Facebook was shared with some investors and not others. It also shines a light on many aspects of the IPO process that aren't well understood:
The story emphasizes just how big an information advantage sophisticated investors have over small investors.
It makes a mockery of the fiction that investing is "a level playing field."
The investigation also reveals that some IPO rules should be changed immediately: All investors should get all relevant information at the same time.
......................................SNIP"