These days, investors want safe assets -- not risky tech IPOs.
Did institutional investors get warned about the company's prospects in the days leading up to the IPO?
| Tags: | FBGSJPMKim PetersonMS |
There's plenty of blame to spread around.
It depends on a couple of trends, only one of which FB can control. Meanwhile, shares are still falling.
Avon is downgraded to 'sell' at UBS, and financials are downgraded at JMP Securities.
The complaints started rolling in soon after trading began.
Morgan Stanley propped up Friday's IPO, but the lead underwriter couldn't fake the stock price forever.
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