JPMorgan and Morgan Stanley Look For a Piece of Facebook IPO
Down)
Goldman Sachs (NYSE: GS) is no longer the sole underwriter in a future Facebook IPO, according to FOX Business Network (FBN) Senior Correspondent Charlie Gasparino.
Gasparino is now reporting that JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) are looking to get a piece of the deal.
"Sources are telling the FOX Business Network Facebook is openly talking to rival firms, JPMorgan and Morgan Stanley in particular, to be co underwriters with Goldman. Facebook is now open to other bidders. There are probably going to be a consortium of firms that underwrite this deal."
Facebook is expected to go public in early 2012.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Gasparino is now reporting that JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) are looking to get a piece of the deal.
"Sources are telling the FOX Business Network Facebook is openly talking to rival firms, JPMorgan and Morgan Stanley in particular, to be co underwriters with Goldman. Facebook is now open to other bidders. There are probably going to be a consortium of firms that underwrite this deal."
Facebook is expected to go public in early 2012.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Hagens Berman Files Securities Class Action against Facebook, Zuckerberg and Underwriters: Continues Insider Trading Investigation Against Selling Shareholders
- Bill Gross Thinks China is the Real Elephant in the Room
- Maastricht Treaty to Blame for Crisis in EU...
Create E-mail Alert Related Categories
IPOs, Insiders' BlogRelated Entities
Charles Gasparino, JPMorgan, Morgan Stanley, FacebookSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
