Reimburse Investors for the OVERPRICING of Facebook's initial IPO
  • Petitioned Morgan Stanley

This petition was delivered to:

Morgan Stanley

Reimburse Investors for the OVERPRICING of Facebook's initial IPO

    1. Michael Drolet
    2. Petition by

      Michael Drolet

      Toluca Lake, CA

Many people invested a good portion of their savings to invest in FACEBOOK because of the original suggested price of $28-$35 was a reasonable offer, especially since an IPO is suppose to be the best deal if you can get in on it. Instead Morgan Stanley raised the price $34-$38 and took a lot of people on a ride for an instant negative investment. If the initial price would have been left at $28 then there wouldn't have been an issue seeing as the stock took a dive to $21 which is quite a loss from $38 or at even a higher price that others have bought the stock at. This just made the Employees of Morgan Stanley and Facebook wealthy at the expense of others.

To:
Morgan Stanley
I just signed the following petition addressed to: Morgan Stanley.

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Reimburse Investors for the OVERPRICING of Facebook's initial IPO

This made the Employees of Morgan Stanley and Facebook wealthy at the expense of others.

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Sincerely,

Sincerely,
[Your name]

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