There's a good article from Reuters yesterday discussing the dynamics of how investment banks are vying to obtain the coveted "left lead" position for the Facebook initial public offering. The article discusses fees (which may go as low as 1% of the offering proceeds, down from the usual 7%), league table rankings (Morgan Stanley won the IPO crown last year) and personal relationships. Here's the link: http://www.reuters.com/article/2012/01/27/us-facebook-ipoview-idUSTRE80Q21920120127
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
About this Blog
This Blog is a collection of thoughts on a variety of topics of interest to me, including: Categories
All
Archives
January 2024
Copyright Notice:
All original works on this site are © Allen J. Latta. All rights reserved. Neither this website nor any portion thereof may be reproduced or used in any manner whatsoever without the express prior written permission of Allen J. Latta. LP Corner® is a registered trademark of Campton Private Equity Advisors. Used with permission. DISCLAIMER: Readers of this Blog are not to construe it as investment, legal, accounting or tax advice, and it is not intended to provide the basis for the evaluation of any investment. Readers should consult with their own investment, legal, accounting, tax and other advisors to the determine the benefits and risks of any investment.
Private equity investments involve significant risks, including the loss of the entire investment. This Blog does not constitute an offer to sell or the solicitation of an offer to buy any security. |
Copyright © Allen J. Latta. All rights reserved.