Facebook Adds 25 New Banks To IPO Underwriters
09 March 2012 - 8:51AM
Dow Jones News
Social media giant Facebook Inc. added 25 new underwriters to
the team of banks taking the company public.
The deal, which is expected later this spring, expands the list
from the six banks that had been on the cover of its prospectus
from the start. It's not unusual for 25 to 30 banks to work on
large offerings such as Facebook's.
Joining the underwriting team are: Citigroup Inc.(C), Credit
Suisse Group (CS), Deutsche Bank AG (DB, DBK.XE), RBC Capital
Markets, Wells Fargo & Co. (WFC), Blaylock Robert Van LLC, BMO
Capital Markets Corp., C.L. King & Associates, Inc., Cabrera
Capital Markets LLC, CastleOak Securities L.P., Cowen & Co.,
Lazard Capital Markets LLC, Lebenthal & Co., Loop Capital
Markets LLC, M.R. Beal & Co., Macquarie Capital (USA) Inc.,
Muriel Siebert & Co., Oppenheimer & Co., Pacific Crest
Securities LLC, Piper Jaffray & Co. (PJC), Raymond James &
Associates, Samuel A. Ramirez & Co., Stifel, Nicolaus &
Co., The Williams Capital Group L.P., and William Blair &
Co.
They join the original team of six: Morgan Stanley (MS),
JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) Bank
of America Merrill Lynch (BAC, BARC.LN), Barclays PLC's (BCS)
Capital Inc., and Allen & Co.
-By Lynn Cowan; 202-257-2740; lynn.cowan@dowjones.com
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