To most of the world, Morgan Stanley got the plum job of lead manager for the most important public stock offering since Google in 2004. But among the retail sales force at the firm, the Facebook Blessing might as well be known as the Facebook Curse.
Morgan Stanley, the lead underwriter of Facebook's IPO, will compensate retail investors for their losses from having overpaid for the stock in Friday's IPO... Read Post
Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — just weeks after the Wall Street giant’s investment bankers took the social network public at that price. Mor... Read Post
NEW YORK (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price. Thanks to massiv... Read Post