Facebook IPO fees: Goldman Sachs and Morgan Stanley

Everyone wanted a piece of the Facebook IPO, and there's little doubt that the investment banking community was furiously chasing this deal. With $10 bn set to be raised, the fees should be incredible. And now, we're handicapping the race: GS)" href="http://www.insideipo.com/tag/goldman-sachs">Goldman Sachs and MS)" href="http://www.insideipo.com/tag/morgan-stanley">Morgan Stanley. According to IrishTimes.com, the two perennial adversaries have been identified as in the lead for this deal.

Here's what's at stake:

“Fees for IPOs of that size have averaged 2.2 per cent, according to Dealogic, which tracks new issues. That would mean a possible total pay-off of as much as $220 million, though the company could negotiate lower fees because the Facebook deal is such a trophy.”

If the internet IPO market reaches the $11 bn it's expected to hit, 2012 would be second only to the $18.5 bn in tech money raised in 1999.

Click here for FREE email alerts from Inside IPO >>

Source: IrishTimes.com

Photo: Andrew Feinberg via Flickr