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Facebook Banker Morgan Stanley Bought A Humongous Amount Of Stock To Try Support Price

Business Insider
Saturday, 19 May 2012

Facebook Banker Morgan Stanley Bought A Humongous Amount Of Stock To Try Support PriceMay 19 (Bloomberg) -- Morgan Stanley, the lead underwriter in Facebook Inc.’s initial public offering, stands to take a hit from a stock market debut that stoked disappointment among investors in the largest social network.

The bank stepped in to prop up the stock from dipping below its $38 IPO price yesterday, said people...
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Source: IBTimes.com - on May 24, 2012

News video: Facebook, Morgan Stanley, JPMorgan Chase and Goldman Sachs Sued Over Pre-IPO Analyst Calls

Facebook, Morgan Stanley, JPMorgan Chase and Goldman Sachs Sued Over Pre-IPO Analyst Calls

Facebook and lead underwriter Morgan Stanley were sued by shareholders on Wednesday who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering.

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