A total of 38.5 percent of the 421,233,615 Facebook shares purchased by underwriters prior to its initial public offering went to Morgan Stanley, while E*Trade, which had been touted as the best source of stock in the social network for individual investors, received only 0.05 percent of the shares, according to an amendment to Facebook’s S-1 filing with the Securities and Exchange Commission, filed after the close of trading Friday.
Allen & Co.
Mediabistro Course To say thank you for a great year, we're offering 15% OFF any boot camp, in-person course, or online course when you use code MBTHANKU. Get 15% off comprehensive courses including our popular Social Media 101 boot camp, starting January 14. Hurry - offer expires 12/24! Browse our upcoming courses.
Deutsche Bank, Credit Suisse, and Citigroup will likely join the group of banks underwriting Facebook’s upcoming initial public offering.