underwriters

Facebook's IPO Debacle, Day 3: Un-Friended and Dis-Liked on Wall St.

Facebook has ended its third trading day and the world is falling apart -- again. The stock closed Tuesday at $31, down 19% from the $38 IPO price, lead underwriter Morgan Stanley is under fire, the SEC is ready to investigate, and analysts are blaming everyone. Oh, and the fundamentals? Those haven't changed a bit.

Morgan Stanley Cut Facebook's Forecast, Then Boosted Its IPO

After all the finger pointing over Facebook's rapid share price decline, there is one factor that should have served as warning. Morgan Stanley, the lead underwriter, cut earnings estimates in the lead-up to the IPO -- while expanding its size and raising its price.

Goldman's Discounted GM IPO Fee Angers Rivals

Goldman Sachs' big discount in underwriting fees for the GM IPO has squeezed the other underwriters in the deal. The banks now stand to make only a fraction of what they would normally rake in for the stock offering.

Tesla's Shiny New Stock
Runs Out of Juice

Electric car maker Tesla's Roadster has amazing acceleration, but the rise and fall of the company's stock after its high-profile IPO was even faster. Tesla debuted on the public market last week at $17 a share and shot up 79% to $30.42 in two days. Now, it's back below the IPO price.