Facebook Inc., the world's largest social-networking service, chose Morgan Stanley 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 a securities firm. Facebook will file plans with regulators tomorrow to raise $5 billion, though the amount may rise, two people said. Goldman Sachs, JPMorgan Chase,(JPM),Barclays, and Bank of America will help manage the sale, people said.
Read the full story at adage.com
No comments:
Post a Comment