Scott Sweet, senior managing partner of IPO Boutique, was quoted in CNN Money yesterday:
"I believe they had more information, and wanted to, as usual, take care of the monster funds and leave retail investors with an uneven playing field," Sweet said. The banks notified a number of his firm's hedge fund clients about their revised estimates ahead of the IPO, he added.
The full article is available here: http://money.cnn.com/2012/05/23/technology/facebook-ipo-legal/index.htm?iid=HP_River
Scott offers IPO research at IPO Boutique.
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