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by loverobots 5141 days ago
I think (not a pro at this) all those shares have already been sold via IPO road shows to pension funds, banks, hedge funds and other investment houses. In fact, I read they wanted even more shares than FB offered to sell ("oversubscribed.")

So no major surprises. I doubt they just pick a number and just hope to sell $16 Billion
1 comments
sek 5141 days ago
What happens when these institutional investors lose Billions in a short time? There will be lawsuits over lawsuits.

If Facebook drops over 20% this year, shit will hit the fan.

They don't wan't to take the blame, but have no power inside Facebook either. I wonder how they react, Zuckerberg can get powerful enemies here.

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beagle3 5141 days ago
Are you aware of a recent case where an institutional investor representing "dumb" money (e.g. Pension funds) was successfully sued for bad investments? I am not.
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lftl 5141 days ago
Investing inherently involves risk. Assuming there's nothing fraudulent in FB'S filing documents what would investors sue over?
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