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Facebook IPO offers a lesson

Big investors saw gains, but smaller buyers suffered

By Beth Healy

 |  Globe Staff  

  May 26, 2012

For many investors, whether novice or experienced, the Facebook Inc. stock offering was an eye-opening lesson on the potential pitfalls of a hot IPO. At the Boston College Investment Club, students started receiving hard-core pitches at the end of 2011 to get in on the social networking company’s initial public offering. One broker called the group so many times that they realized it was probably a bad idea. As the stock has slumped 16 percent, club members are feeling good about their decision not to invest.

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