So the Facebook (FB) IPO is now complete. Zuckerberg has collected his billions, the underwriters took their (discounted) selling commission, investors have taken a bath, and the class action suits are already being filed.
The transaction was a disappointment by any objective measure.
One of the most important tech companies in the world is about to go public.
Billions of dollars are at stake. But more importantly, investors’ reaction to this initial public offering could set the tone for how the stock market behaves this month – and the rest of 2014, for that matter.
Here’s the story…