Looks like FB priced it perfectly - they made the maximum money they could out of it.
Was it not obvious in advance that FB was being priced such that the shares would be either flat, or decrease? The original investors have made themselves a fortune - and frankly anyone who invested heavily in a corporation at a P/E of 100:1 didn't think about it well enough.
Was it not obvious in advance that FB was being priced such that the shares would be either flat, or decrease? The original investors have made themselves a fortune - and frankly anyone who invested heavily in a corporation at a P/E of 100:1 didn't think about it well enough.