The Wall Street Journal Assignment

Corporate Finance (FIN 301)Summer 2012

The Wall Street Journal Assignment

Answer 1:

After a comprehensive analysis of the article “Morgan Stanley Was 'Driver' on Facebook's Wild IPO Ride“, which was published in the Wall Street Journal, it is evidently clear that Morgan Stanley, represented by Mr. Grimes made several unusual moves during the IPO process of the Social Networking giant, Facebook. The most important approach adopted by Mr. Grimes was the adoption of sole bookrunner technique. This approach not only made Morgan Stanley as the lead underwriter, but it also shut down other underwriters, including Goldman and ...