Bloomberg News

Facebook Is Said to Set IPO Banker Fees at 1.1 Percent

May 17, 2012

(Corrects estimated amount to be paid to banks in second paragraph.)

Facebook Inc. (FB:US)’s underwriters are collecting a fee of 1.1 percent for handling the company’s initial public offering, people with knowledge of the matter said.

The world’s largest social networking service today raised $16 billion in the largest initial public offering for a technology company. That indicates that the fees paid to banks led by Morgan Stanley (MS:US) will total about $176 million. The people asked not to be identified because agreements with underwriters are private.

To contact the reporter on this story: Serena Saitto in New York at ssaitto@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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Companies Mentioned

  • FB
    (Facebook Inc)
    • $72.36 USD
    • -0.29
    • -0.4%
  • MS
    (Morgan Stanley)
    • $31.6 USD
    • -0.74
    • -2.34%
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