# Prof. Anindya Ghose on the Facebook IPO

1 Faculty News May 23, 2012 ![MSNBC logo](/sites/default/files/styles/246w/public/assets/images/con_030725.jpg?itok=1TPLKUHG)>

Excerpt from [MSNBC](http://marketday.msnbc.msn.com/_news/2012/05/23/11830823-facebooks-dream-ipo-is-starting-to-look-like-a-nightmare?lite) -- "[Anindya Ghose](http://www.stern.nyu.edu/faculty/bio/anindya-ghose), an associate professor at NYU’s Stern School of Business, reckons the bankers pricing the deal overestimated the company’s projected revenue growth rate. With a more modest outlook for future revenue growth, he reckons Facebook shares would be worth a price 'in the mid to upper 20s' -- closer to the first estimate of $28 the company gave investors."

[Read more](http://marketday.msnbc.msn.com/_news/2012/05/23/11830823-facebooks-dream-ipo-is-starting-to-look-like-a-nightmare?lite)