Facebook fiasco may close tech IPO door, UPS!!!

By Therese Poletti, MarketWatch SAN FRANCISCO (MarketWatch) — The recent comeback of the tech IPO is over. Gone, up in smoke, after the debacle that was the highly-anticipated-but-ultimately-botched $16-billion debut of Facebook Inc. /quotes/zigman/9962609/quotes/nls/fb FB +1.81% As more gory details and a parade of lawsuits materialize, it is clear that the whole fiasco will likely further discourage investors — even those big institutions accustomed to risk — from participating in initial public offerings, especially tech deals. /quotes/zigman/9962609/quotes/nls/fb FB 32.58, +0.58, +1.81% Facebook's fall45403530MTWT “I think it will freeze the IPO market until there is some stability and some answers as to what went wrong with Facebook,” said Scott Sweet, senior managing partner of the IPO Boutique. “IPOs, as you know, are inherently risky by nature, and here we had the ‘found money’ blow up.” Questions have arisen regarding both the market’s ability to manage popular deals as well as questionable behavior by investment banks, which seem to have found a way to keep giving their select clients the juiciest information. Market open