JPMorgan and Morgan Stanley Look For a Piece of Facebook IPO

February 2, 2011 3:59 PM EST
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.

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Charles Gasparino, JPMorgan, Morgan Stanley