SAs on the FB IPO?

Hey WSO,

So I know that Facebook just filed their IPO paperwork, and the offering is "expected to be completed in May." This would mean that SAs at MS/JPM/GS in TMT groups wouldn't have any exposure to the deal, assuming a June start date, right? Or is there typically follow-up work/other aspects of the deal that will extend until the summer?

Apologies in advance if this is a silly question.

Thanks!

 

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