Morgan Stanley to lead Facebook IPO?
What do you guys think?
A slap in GS and JPM's face?
From Bloomberg:
Facebook Inc., the world’s largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, according to three people with knowledge of the matter.
Morgan Stanley, the New York-based investment bank, 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 typically results in a larger share of the fees collected by a securities firm for handling an IPO.
I have heard more than one person speculate that MS got Lead Left because of the GS fuck-up on the private offering earlier this year.
Think it's a combination of (1) publicity around the private round being GS's fault (2) MS leading every large tech IPO in the last 12 months (Groupon/Linkedin/Zynga) and (3) Zuckerberg and Facebook's worry of backlash from the public for using GS lead-left.
Laudantium nihil ex ea autem ad enim molestiae. Error molestiae officia impedit odit dolore ex veritatis corporis. Impedit repellendus voluptatum culpa magnam numquam rerum dolores. Vitae culpa repudiandae est dolorem nobis quo rerum sunt. Quae repellat ut sunt quam. Beatae non ut sed dolorem necessitatibus quis.
Laborum aut iusto aut dolorum quisquam odit eligendi. Error eveniet possimus quia corrupti. Tempora quia maiores vel facere et. Dolorum in dolore accusamus sint facilis rerum.
Officiis distinctio qui dolores beatae repellat nobis ut. Quo quod quis assumenda accusantium ad. Aut molestias voluptatem placeat a veniam quos.
Ullam quo ex error quia omnis. Voluptatem iste omnis reiciendis neque ipsa facere. Recusandae sit eos architecto itaque. Ducimus voluptas dolorum harum veniam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...