Facebook (FB) will reportedly pay a fee of just 1.1% to its IPO underwriters for its offering....

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB) will reportedly pay a fee of just 1.1% to its IPO underwriters for its offering. Such a rate would amount to roughly 1/5 of the 5.48% fee underwriters were paid on average for 127 offerings last year, according to Bloomberg's data. With i-banks bent on having their names attached to the year's marquee IPO, Facebook was apparently able to cut a good deal. (previously)