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IPO

Morgan Stanley's Facebook about-face Add to ...

The tech analyst at Morgan Stanley, the lead underwriter on the IPO, reduced his revenue forecasts at the same time the bank was pitching the IPO to investors, making the lowered forecast known to major clients, according to two investors who were advised of the new forecasts.

The tech analyst at Morgan Stanley, the lead underwriter on the IPO, reduced his revenue forecasts at the same time the bank was pitching the IPO to investors, making the lowered forecast known to major clients, according to two investors who were advised of the new forecasts.

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