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

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)
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Comments (4)
  • Stone Fox Capital
    , contributor
    Comments (6890) | Send Message
     
    good for them. In the day of the internet, 5.5% is absurd.
    19 Mar 2012, 06:19 PM Reply Like
  • WMARKW
    , contributor
    Comments (10690) | Send Message
     
    Ha.....that's because they didn't use Goldman Suchs.
    19 Mar 2012, 06:23 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    If they're sharp as Google, they'll have the ibanks conduct a Dutch offering. This would insure the best price for the company as opposed to allowing the ultra-rich Hedgies to pocket the pop on Day 1.
    19 Mar 2012, 06:35 PM Reply Like
  • michalzpl
    , contributor
    Comment (1) | Send Message
     
    how much do you think the shares are going to start at?
    20 Mar 2012, 08:38 AM Reply Like
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