Scott Sweet, senior managing partner of IPO Boutique, was quoted in the NYTimes yesterday:
One investor, after being briefed on Facebook’s revised forecast, unloaded all of its holdings in the first hour of trading, according to Scott Sweet, founder of the IPO Boutique, who advises mutual funds, hedge funds and individuals. The investor sold hundreds of thousands of shares at about $42.
“They knew the jig was up,” Mr. Sweet said.
The full article is available here: http://dealbook.nytimes.com/2012/05/22/facebook-i-p-o-raises-regulatory-concerns/
Scott offers research packages for IPOs at IPO Boutique.
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