Image: Wikimedia Commons
The Wall Street Journal is reporting that Goldman Sachs and Morgan Stanley are the lead contenders to lead Facebook’s IPO.
The article adds further validity to what has been reported for months, namely that these two firms were the most likely to win the coveted lead left position.
As we noted before, coverage of the Facebook IPO has tended to be somewhat repetitive. In the case of the race to be chosen as the lead underwriter, it has been previously reported that Goldman and Morgan were likely to land main roles.
What makes this story different are two new pieces of information:
“Facebook executives have held a new round of meetings since Thanksgiving with Wall Street firms, according to people familiar with the situation.”
“The Menlo Park, Calif. company plans to file its offering documents in early 2012, a person familiar with the matter has said, meaning that a decision on bankers could be soon.”
So what does this mean? That Facebook is close to deciding what banks will have what roles in its IPO and what time frame it wants to target for its IPO.
But not much more than that.
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/vCCztQ79Sz4/these-are-the-only-2-pieces-of-new-information-in-the-wall-street-journals-facebook-article-2011-12