Morgan Stanley to benefit from positive Facebook effect

Facebook, the world’s largest social-networking service, chose Morgan Stanley to take the lead on its mooted $5 billion initial public offering, four people with knowledge of the matter said.

1st February, 2012
Morgan Stanley to benefit from positive Facebook effect
Investment banks working on behalf of Facebook may generate as much as $500 million in fees.

Facebook, the world’s largest social-networking service, chose Morgan Stanley to take the lead on its mooted $5 billion initial public offering, four people with knowledge of the matter said.

Facebook will file plans with regulators today to raise $5 billion, though the amount may rise, two people said. Goldman Sachs Group Inc., JPMorgan Chase & Co., Barclays Plc and Bank of America Corp. will help with the sale, people said.

Taking the lead on Facebook...

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