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


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • FB
    (Facebook Inc)
    • $76.31 USD
    • 0.23
    • 0.3%
  • MS
    (Morgan Stanley)
    • $35.28 USD
    • 0.17
    • 0.48%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus