129724958992425594_125In this scramble for investment banks, Facebook is near hired Morgan Stanley as the primary dealers, but Goldman Sachs may also play an important role in the deal.
Around the valuations of billions of dollars in Facebook listing arrangements, Wall Street a formation. The Wall Street Journal (blog, Twitter) on January 27, theIn this scramble for investment banks, Facebook is near hired Morgan Stanley as the primary dealers, but Goldman Sachs may also play an important role in the deal. Recommended reading on January 31 illustrations: local afternoon rebound as an auspicious start who died normal technical adjustments need to be cautious pattern of shocks to the a-share rally is expected to extend China's a-shares in HKExRelease starts a shares opened weaker Outlook was worried langma several points of thinking on nuggets of information the man higher up "plans break unit" [Twitter] RMB appreciation and the a-share the mysterious relationship [shares] old shareholders to disclose at this location at the end of Reuters yesterday pointed out that Morgan Stanley is the world's high-tech companies the maximum allocation of IPO last year, achieved global revenue 2$ 200 million market share 10.9%; Goldman ranked second global $ 1.9 billion in revenue
world of tanks power leveling, market share is 9.2%; third is JPMorgan. Reuters report further mentioned that Facebook listing, or establish investment bank willing to accept the consultants ' fees for winning big business bottom line of the new standards. The banking sector and industry watchers say, Morgan Stanley and Goldman Sachs's underwriting service fee quote may be as low as 1% of the total financing, that would create investment banking service Commission low.
Reference Facebook may be tens of billions of dollars of financing, even if the rate of 1% also allow investment banks US $ 100 million range, this becomes the primary dealers can borrow IPO of the year rankings. Goldman Sachs to Morgan Stanley found the painFast? Latest news display, not until the last minute, underwriters of the IPO Prospectus where the name is not known. United States Fox Business News Network Reporter Charlie Gasparino on January 28 in Twitter speak saying, Fox finance has learned that IPO
wot power leveling, and underwriters choose process leaks the Facebook rage。 Observers believe that Morgan Stanley's primary dealer status may not be guaranteed. If that is the case, reversal of situation will occur.
But industry insiders believe that disclosure of this information is also entirely possible Goldman Sachs in order to undermine the position of Morgan Stanley in the battle. The source said, and Morgan Stanley and Goldman Sachs FacebOok representations for months, tried to Facebook senior overtures, hoping to act as underwriters. Facebook listing which will be the largest IPO in the history of Silicon Valley, will also be the world's largest since the Internet bubble burst of high-tech enterprise IPO. For the technology sector bankers, such as George l GoldmanMichael Grimes of EE, Morgan Stanley, and Switzerland Credit Bill Brady, winning Facebook Chief advisory role has become a key to winning war. Reuters noted that operate Facebook last year at Goldman Sachs private equity transaction in a 1.5 billion dollar share placement to wealthy clients, sparked great controversyLed Goldman Sachs was forced to limit the rights to only open to non-United States investors. Industry observers say, this drop could make Goldman Sachs is with Facebook lost some goodwill. Companies make money being a family lived on a large number of users, Facebook has to take into account whether its IPO will make sure that wealthy investors enjoy an unfair advantage.1% rates?
View of the fierce competition for investment banks, headquartered in the San Francisco investment bank Montgomery, Chief Executive Officer James Montgomery said that Facebook can easily participate in share underwriting and investment banks reached a rate of 1% of the whole agreement. In accordance with industry practice, financing of not more than $ 500 millionIPO of rates is 7%, which are commonly referred to as the "7% programme".
But as the IPO size increase, rates will decline. The IPO raised more than $ 1 billion investment banks usually will be 4% per cent rate, but Silicon Valley companies IPO costs are usually higher. According to Thomson Reuters data, 2000-2012, regulationDie at more than US $ 1 billion and the United States sci-tech enterprise IPO underwriting rate averaged 5.8%.
Want Facebook IPO work for major investment bank underwriters titles, in addition to holding down costs, are also listed to be able to satisfy the Facebook that process a smooth error-free. Hofstra University research investment bank underwritingManagement Professor George Papaioannou said that investment bank focused on the need to finalize the appropriate share offer price, appropriate combinations of stock sold to investors.
For Facebook's high valuations, market differences. Forbes writer tuomiao・Jielong (Tomio Geron) even pessimistically point out that in recent days, the fAcebook Netscape 1995 IPO and IPO are somewhat similar
wot power leveling, and it is the latter led to a first dotcom bubble. But Wei Wu of new media experts said yesterday that Facebook's IPO is not crazy, just right. And Netscape is different, Netscape went public in the year was a loss-making enterprises, but also profit by selling browser,Model of old, but Facebook has been profitable, and its open development platform of third parties, advertising has attracted a lot of small and medium enterprises in the above. According to data from Facebook chief operating officer of xielier・sangdeboge published in December last year, there were 9 million businesses use Facebook to promote, among them 230 is paying customers, other businesses are using Facebook pages of free services.
Despite paying less of the total number of one-third, but these customers in 2011 is expected to generate $ 4 billion to the company's revenue. Wei Wu, in a sense, Facebook's average contribution per advertiser revenue but thousand Yuan level, The Baidu and similar, long tail has appeared, favored more SMEs.
Twitter intends to circumvent censorship around the globe, few companies valued up to hundreds of billions has no business in China, Facebook is one of them. Because the content review, used to launch Chinese version of Facebook has not yet entered has more than500 million Internet users in China. Also in order to get into China and other markets, another social networking site from the technology giant is trying to circumvent censorship on a path. The Wall Street Journal pointed out that Twitter (Twitter) says the company is now able to geographically based selectively allow users access to different content, and plan to use this feature to enter those on freedom of"Different view" States. This decision was published on the official Twitter blog. Twitter says, if the site hides a number of Twitter messages, inform users of the relevant measures will be taken. Post says, we will let the user know if we need, or when we needed in a particular country when hiding in a tweet, we will try to let the user know;When some content is prohibited, we will be marked clearly and explain why. But Wei Wu pointed out that for Twitter, and this, it was too late, Twitter's business model is more like Twitter users use Twitter more "speaking".
This is, Facebook open platform to attract users with many applications. Wei Wu pointed out that if theFacebook and officials reached a compromise and to enter the Chinese market, he will have the chance to survive. But in the case of Facebook, to enter the Chinese market is not the first.
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