Facebook Is Worth More Than Disney, Ford And Kraft. For the last few months big banks like Goldman Sachs and JPMorgan Chase have had to deal with scandals involving muppets and whales. The bankers needed some good news now more than ever and there is nothing Wall Street likes more than a big IPO.
The Facebook IPO has provided Wall Street with a windfall, one the bankers probably feel they have earned after getting investors to swallow Facebook shares at $38. In total more than 30 underwriting financial firms are splitting $175 million or so of fees. That could go up to $200 million. But some big banks will profit much more than others. Facebook Prices Third-Largest IPO Ever, Valued At $104 Billion FULL STORY HERE
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