It’s almost impossible to open the financial pages of a newspaper and not read about someone blaming someone else for their own mistakes. Be it investors, highly paid yet poorly performing executives, or protesting Greek citizens -- it’s always someone else’s fault.
According to some, the initial public offering of Facebook, the world’s largest social network, was a failure or even a disaster. Andrew Stoltmann, a litigator leading a class action, told Bloomberg that the float is "the latest in a long string of events that is eviscerating the confidence investors have in the market". That is, of course, to completely misunderstand the purpose of the float. A company will sell shares in itself for two main reasons.