Shares of Facebook (FB) ended the day up $1, or 3%, at $32, as the pressure continued to mount over the company’s IPO last Friday. The stock retreated from a high of the day of $33.11.
The shares continued their rise in the after-market by 20 cents, or 0.6%, at $32.20.
CNBC is reporting that the Senate Banking Committee has called for an investigation of the offering.
And Reuters‘s Dan Levin reported earlier today that a group of shareholders has sued the company, along with Morgan Stanley and other underwriters, for having reportedly disseminated revised fiscal projections for Facebook only to certain preferred clients. The allegation that some Street analysts whispered revised financial models on Facebook in advance of the IPO was reiterated this morning in a follow-up article by Reuters reporters Olivia Oran and Nadia Damouni.
Update: Reuters’s Alexei Oreskovic this afternoon writes that the New York Stock Exchange is “courting” Facebook to move from the Nasdaq, citing an unnamed source.
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