Facebook flotation faces US probe

Two US government panels are to investigate Facebook’s high-profile stock offering amid claims that the bank handling the flotation may have provided only select clients with a negative assessment of the company.

Facebook flotation faces US probe
Thu, 24 May, 2012 - 08:34

Two US government panels are to investigate Facebook’s high-profile stock offering amid claims that the bank handling the flotation may have provided only select clients with a negative assessment of the company.

South Dakota Democrat Tim Johnson, chairman of the Senate Banking Committee, said today that his panel wanted to learn more about the offering.

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