The Facebook ipo gave institutional investers one set of information, and public investers a different set. Kind of like the goldman exec creating a new investment product internal memos described as a pos [piece of s¤¤t]. Institutional investers could then take a short position, the same way goldman did. Anyhow, IPOs are not the secret opportunity to get in early on a successful company anymore. They are now a way to crew the gullible public by the chosen class.
If you know anyone that bought the hype and invested, it's probably best not to ask them about it, they tell you to zuck off.