Reuters: Technology News: Facebook underwriters to get 1.1 pct fee -source

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Facebook underwriters to get 1.1 pct fee -source Mar 19th 2012, 22:54 Tweet Share this Email Print Related News Goldman reviews conflict-of-interest policies Fri, Mar 16 2012 Facebook summons Wall Street for pre-IPO briefing Thu, Mar 15 2012 Insight: Pre-IPO stock trading boom could be scary for investors Thu, Mar 15 2012 SEC charges SharesPost, Felix over pre-IPO trading Wed, Mar 14 2012 Yahoo sues Facebook for infringing 10 patents Mon, Mar 12 2012 Analysis & Opinion The meltdown explanation that melts away Bank stress tests renew dividend-buyback debate An illustration picture shows the log-on screen for the website Facebook, in Munich February 2, 2012. Credit: Reuters/Michael Dalder By Alistair Barr SAN FRANCISCO | Mon Mar 19, 2012 6:54pm EDT SAN FRANCISCO (Reuters) - Facebook will pay just a 1.1 percent fee to underwriters of its initial public offering, according to a source with knowledge of the company's plans, doling out a much slimmer than typical payout. Sources had said the company's underwriters would swallow a fee much lower than the 6 percent to 7 percent that is typical on Wall Street, because of the prestige of being associated with Silicon Valley's largest ever IPO, as well as the promise of being bankers in future to the world's largest social network. Facebook's underwriters include Morgan Stanley, J.P. Morgan, Goldman Sachs, Bank of America, Barclays and Allen & Co. Earlier this month, the company also named an additional 25 banks as underwriters. The news was reported earlier by Bloomberg. Facebook could not be reached immediately for comment. (Writing by Olivia Oran in New York; Editing by Tim Dobbyn) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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