The debate continues on the “fairness” of information dissemination with respect to the Facebook IPO.
At this writing, Facebook is trading at approximately $28, down about 28% from its original $38 issue price.
Obviously, investors have a lot of questions. See this article ( http://www.valuewalk.com/2012/05/facebook-inc-fb-ipo-disaster-a-reason-to-revisit-sarbanes-oxley/ ) for a call for reconsideration of Sarbanes-Oxley because of perceived problems with the Facebook IPO.
Of course, at this time, regulators are examining the IPO and determining the associated regulatory implications ( http://www.foxbusiness.com/news/2012/05/22/sec-finra-to-review-facebook-issues-nasdaq-sued/ ).
Morgan Stanley, the lead underwriter for the IPO, continues to defend its role in the IPO ( http://www.marketwatch.com/story/morgan-stanley-ceo-defends-facebook-ipo-conduct-2012-05-30 ).
Certainly, the regulator’s investigation of the Facebook transaction will provide the public with a “behind the scenes” view of insider conduct regarding a very public IPO.