As shocking as this utter failure may be to the nearly 1 billion faithful Facebook users around the world, it's no surprise to anyone who read the initial public offering (IPO) prospectus.

对于全球近10亿忠实的 Facebook 用户来说，这个彻底失败可能令人震惊，但对于看过首次公开募股（IPO）招股说明书的人来说，这没有什么可惊讶的。

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They will also sell shares alongside the initial public offering.

他们还将在公开募集股份的同时出售股票。

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The initial public offering (IPO) represents about 15 per cent of the bank's enlarged share capital.

这次为工行的首次发行（IPO），此次发行预演了15%银行流通股份的发放。

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An investment made at the initial public offering in early 2001 would have more than tripled.

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Morgan Stanley was the lead underwriter of the initial public offering of Facebook shares.

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Snyder Communications' purchases have more than doubled its shares outstanding since the initial public offering.

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