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Facebook cozies up to three more international banks pre-IPO
Facebook has reportedly hired three more banks to underwrite its IPO, bringing the total number of financial institutions on that merry bandwagon to nine — not inluding Ernst & Young, which is overseeing accounting and autiding for the deal.
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Facebook Hires Three More Wall Street Banks -- Gleeful Bankers Awash In IPO Fees, Bragging Rights
Facebook Inc. hired Deutsche Bank AG, Credit Suisse Group AG and Citigroup Inc. to work on its $5 billion initial public offering and give it access to more credit, a person with direct knowledge of the situation said. Facebook’s ne... Read Post
With Morgan Stanley 'Close' To Lead Underwriting Facebook's IPO, This Goldman Banker Won't Be In A Good Mood
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
Insiders Warned on Facebook IPO, Regulators Launch Investigation
Facebook's IPO is looking more disastrous by the day. Regulators are now probing reports that underwriter Morgan Stanley and other banks cut their revenue forecasts for the company just days before the IPO—but only advised major cli... Read Post