peHUB First Read

Some links to kick off your Thursday, as I head off to moderate a panel at Future Forward:

* Will follow down IPO road?

* Fred Wilson largely debunks the “selection bias” issue, vis-a-vis venture capital returns.

* Morgan Stanley is taking a $2.5 billion write-down. Just a drop in what could be a $500 billion bucket.

* Chuck Prince apparently “retired” from Citigroup. John Gapper calls an ouster and ouster.

* Exchange mergers continue, as Nasdaq gets Philly.