Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 percent […]
Tag: Morgan Stanley
Twitter poised to make IPO filing public
Twitter has hired several banks to help underwrite its IPO, persuaded some of those firms to provide a credit line and plans to make its prospectus public in early October, sources say. The Twitter IPO may be closer than you think. The social-media giant has hired several banks for the […]
Regulator sues Morgan Stanley, eight others over faulty securities
A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing. Morgan Stanley and Morgan Stanley Capital I Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit […]
