Morgan Stanley (MS) Treated Facebook (FB) IPO Like Other Offerings, Said Revised S-1 Was Widely Publicized
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Rating Summary:
22 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Bloomberg reporting on some Morgan Stanley (NYSE: MS) comments related to a Massachusetts subpoena in regards to Facebook's (Nasdaq: FB) IPO. The bank said procedures for the underwriting and open were the same as all other IPOs. Morgan Stanley noted Facebook's revised S-1 (ie the filing which caused Morgan Stanley analysts to reduce estimates) was widely publicized.
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