The Facebook IPO was a disaster and did stay below target for quite awhile post-IPO
If anything, this increases my respect for Zuckerberg and team.
I'm not really excited about the prospect of bankers lining their favored clients' pockets with my money.
Even if you don't sell your own shares, selling 10% of the company at $5 billion (no pop) is strictly better than selling 10% of the company at $3 billion (assuming a 60% pop to $5 billion). The company has more money and you own the same portion of the company.
$30 million lawsuit settlement awarded to Facebook.