The Facebook IPO

An initial public offering or IPO is the holy grail of many tech companies. Investors and founders become rich, those who get access to the stock on the first day often see instant profits and the company raises significant amounts of working capital for expansion. At least that is the theory. Facebook’s recent IPO was marred by horribly botched execution by NASDAQ who were apparently using untested software to launch the stock amidst the...

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