When Facebook Inc. announced its plan for an initial public offering in 2011, irrational exuberance for the stock of the social media website was an understatement.
Gignesh Movalia tapped into the consensus that Facebook’s $16 billion stock offering—one of the largest IPOs ever—would be easy money and attracted more than 300 investors around the country to invest in his Tampa-based OM Global Investment Fund LLC, an unregistered hedge fund.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
