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Group-buying titan Groupon has taken further steps towards an initial public offering by selecting Goldman Sachs and Morgan Stanley to underwrite the offering, according to an article in the Wall Street Journal citing “people familiar with the matter”. It’s been pretty clear for the past few months that an IPO is in Groupon’s sights, especially after the company walked away from a $6 billion acquisition offer from Google last year then raised a whopping $950 million in funding.
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The news that Morgan Stanley is "close" to leading Facebook's IPO will not sit well at Goldman Sachs. Sure, the report on Facebook's IPO said Goldman would have a "major role." But for Goldman Sachs, on IPO like Facebook, the only a... Read Post

Morgan Stanley and Goldman Sachs are considering further cuts in staff, The Wall Street Journal reported, citing people familiar with the matter. Morgan Stanley is considering laying off up to 5 percent of its 47,000 employees, whil... Read Post

Lead underwriter Morgan Stanley received about 38% of the shares in Facebook Inc.'s initial public offering to distribute to investors, while Goldman Sachs Group Inc.'s allotment was roughly 15%, according to people familiar with th... Read Post