Keep Current on:
Educational Articles  Vendor
News  Industry Happenings
Real Company Examples
CONNECT  
Follow This!
SUBSCRIBE  
Follow This!

Facebook Chose Morgan Stanley To Take The Lead On Its Planned IPO

Facebook Said To Hire Morgan Stanley For IPO

Facebook Inc., the world’s largest social-networking service, chose Morgan Stanley (MS) to take the lead on its planned initial public offering, four people with knowledge of the matter said.

Morgan Stanley gains the coveted lead-left position on the IPO filing, said the people, who asked not to be identified because the matter is private. That designation usually means a larger share of the fees collected by securities firms on deals. Facebook will file plans with regulators today to raise $5 billion, though the amount may rise, two people said. Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Barclays Plc (BARC) and Bank of America Corp. (BAC) will help with the sale, people said.



Industry
Other News From Social Media Industry

Google+ Social Plugin Is More Popular Than Facebook And Twitter Plugins On Retail Websites

New Guide Called Ultimate Social Media Giveaway Is Now Available, Teaches New Ways To Earn Money From Social Media

40% Of Australian Businesses Wants To Spend More On Their Social Media Presence During Economic Crisis, Says PMP