Quantcast
Get breaking news alerts via email

Click here to manage your alerts
The pop that wasn’t: Life after Facebook’s IPO
Investing » Fallout from the social network’s rocky venture freezes market.


< Previous Page


"I hope Facebook is not distracted," he says. "In terms of VC people, I have not heard of anybody pulling an offering or even thinking about it. But (the thing) to watch is whether they start moving away from Morgan Stanley as the underwriter. They don’t want to go through this again."

For many in the technology sector, Facebook’s IPO doesn’t offer lessons or cautionary tales of any kind —because it was an anomaly. It was the highest-valued U.S. company ever to go public, and the third-highest in the world. It is a household name and the amount of money it raised put its IPO in a class of its own. That brought a lot of attention, anticipation, and a higher-than-usual number of regular "retail" investors interested in the stock.

Join the Discussion
Post a Comment

Sanjay Sabnani, CEO of online community network CrowdGather, says he is not disappointed with Facebook’s IPO. He thinks the market is more sensible now than in the late 1990s, the height of the infamous Internet bubble. He should know. In 1999, he was the president of a publicly traded company, Venture Catalyst, which helped startups get their footing. The company is still around but it’s no longer public.

"The number one piece of evidence against a bubble mentality is what happened with Facebook," Sabnani says. "The fact that Facebook is a soft IPO shows how much more rational the market is now."




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.