Roland Jones (MSNBC) writes:
"Facebook’s initial stock offering was supposed to jump start the broader IPO market. It seems to have done the opposite."[1]
Other journalists echo the sentiment. [2]
What does this mean for other hopefuls (Kayak, Square et al)?
Has Facebook really hurt investor sentiment that much that other companies are unlikely to be as successful in raising funds (IPO and other)?
1 http://marketday.msnbc.msn.com/_news/2012/05/31/11993138-facebook-effect-is-sending-a-chill-through-the-ipo-market?lite 2 http://www.huffingtonpost.com/2012/05/31/facebook-kills-tech-bubble_n_1559101.html