IPO

Facebook shares have fallen 15% after the company reported a drastic slowdown in revenue growth and failed to reassure investors on its ability to boost advertising growth.

Manchester United is set to float onto the New York Stock Exchange, seeking to raise $100m in an IPO.

Ahead of Facebook's $16bn IPO, Morgan Stanley, the lead underwriter on the deal, reduced its revenue forecasts for the social network, Reuters reports.

SPECIAL REPORT

Facebook has set the price range for its shares in what will be Silicon Valley's largest IPO, giving the social network a market value close to that of Amazon.

Peter McKellar, coordinating partner and CIO of SL Capital Partners and manager of the Standard Life European Private Equity trust, on the prospects for this unloved sector.

Facebook will permanently stop trading of its stock on private secondary markets at the end of this week ahead of its initial public offering in May, the FT reports.

Franklin Templeton's emerging market heavyweight Mark Mobius has blamed the flood of initial public offerings (IPOs) in emerging markets during 2010 for EM stocks' underperformance last year.

ROMANIA & MONGOLIA

The company that controls the Empire State Building has revealed plans to raise as much as $1bn in an initial public offering, and become a real estate investment trust.