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February 1, 2012 02:55 am GMT
The drip-drop of financial news about Facebook's impending initial public offering is starting to turn into a downpour. The company is planning to file its initial prospectus on Wednesday morning, Reuters is reporting, with the intention of raising a conservative $5 billion.The report, through Reuters subsidiary International Financing Review, also answers the question of which bank will lead -- Morgan Stanley. The others will includeBank of America Merrill Lynch,Barclays Capital,JP Morgan, andGoldman Sachs, which had appeared to be in the lead position last year after it helped Facebook raise a $1.5 billion late-stage round. However, issues around that funding may have contributed to Morgan Stanley getting the top spot.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n-KFK02272k/
Reuters: Facebook IPO To Raise $5B, Filing Wednesday, Morgan Stanley In Lead
The drip-drop of financial news about Facebook's impending initial public offering is starting to turn into a downpour. The company is planning to file its initial prospectus on Wednesday morning, Reuters is reporting, with the intention of raising a conservative $5 billion.The report, through Reuters subsidiary International Financing Review, also answers the question of which bank will lead -- Morgan Stanley. The others will includeBank of America Merrill Lynch,Barclays Capital,JP Morgan, andGoldman Sachs, which had appeared to be in the lead position last year after it helped Facebook raise a $1.5 billion late-stage round. However, issues around that funding may have contributed to Morgan Stanley getting the top spot.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n-KFK02272k/
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