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Facebook IPO said to be Oversubscribed by Reuters and Bloomberg Reports Weak Demand

May 11 2012, 2:35am CDT | by , in Rumors | Technology News

Facebook IPO said to be Oversubscribed by Reuters and Bloomberg Reports Weak Demand

Bloomberg issued a report saying that the Facebook IPO demand from institutional investors is weaker than expected. Reuters reports at the same time that the Facebook IPO is already oversubscribed. Are we any wiser?

The Facebook IPO is the topic in the financial world, and as mentioned before I am also thinking about trying to get some Facebook shares as soon as they trade. I do not think the average Joe will get access to IPO shares. Is investing in Facebook a good idea? I do not know yet. Two reports that appeared today are not helping that decision, but are illustrating how controversial the Facebook IPO is, e.g. Zuckerberg Hoodie-Gate.

Bloomberg reports that sources with knowledge of the matter said that the Facebook IPO generated lower than expected demand from institutional investors. Reuters reports that the Facebook IPO is already oversubscribed. Reuters cites a source that is familiar with the share listing. So what is true? 

By the way, whatever happened with the rumors that Facebook users get a chance to get in on the IPO?

via Techmeme.

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