Thursday, June 7, 2012

IPO “whisper” estimates may be heard after Facebook

SAN FRANCISCO (Reuters) - In the aftermath of the Facebook IPO, investor outrage - and lawsuits - have focused on "whisper" estimates of future results that underwriters shared only with some clients. The selective disclosures appeared to expose a regulatory loophole, and some bankers and securities lawyers now say relief...

<A HREF="http://in.reuters.com/article/2012/06/06/us-ipo-whispers-facebook-idINBRE85417520120606">Read More</A>

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