Secondaries
Morgan Stanley lowered Facebook revenue forecast right before IPO
Morgan Stanley expressed caution of Facebook’s revenue in the filing of an amended prospectus with U.S. Securities and Exchange Commission(SEC).
Vodacom says will fight on to keep Congo unit
South Africa's Vodacom said it will fight a court ruling that it must pay $21 million in consultancy fees or submit to the mandatory sale of its shares in its joint venture in the Democratic Republic of Congo.
Formula One to start pre-marketing $3 bln Singapore IPO-source
Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering on May 22.
Ally hopes to end mortgage woes with ResCap bankruptcy
Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help it get on a path to repaying $12 billion in bailout money.