Facebook’s initial public offering in May was a disaster. The question now is how much of the fiasco can be laid at the feet of Nasdaq and how much, if at all, on the IPO process itself? Or for that matter, on Facebook. Those questions were points of debate at a Tuesday hearing of the U.S. House Oversight and Government Reform Committee. The hearing had been scheduled to discuss the JOBS Act, passed earlier this year, which relaxed restrictions for emerging growth companies to raise funds via an IPO.
Loading ...
Congressional C'tee Questions IPO Regs in Wake of Facebook Flop
Posted by: Erika Morphy June 27, 2012 11:42 AMFacebook’s initial public offering in May was a disaster. The question now is how much of the fiasco can be laid at the feet of Nasdaq and how much, if at all, on the IPO process itself? Or for that matter, on Facebook. Those questions were points of debate at a Tuesday hearing of the U.S. House Oversight and Government Reform Committee. The hearing had been scheduled to discuss the JOBS Act, passed earlier this year, which relaxed restrictions for emerging growth companies to raise funds via an IPO.