Facebook IPO watch: This year may be a “bleak” year to the wallstreet banks, but the Facebook’s IPO next year will be the main event for these banks to compete for. Several Banks are making effort to play a major role as the lead invest bank in the Facebook’s IPO next year. The bankers and venture capitalists believe that Goldman Sachs, Morgan Stanley, the two long-term competitors, will be the “leaders” in this battle.
According to informed sources, the Facebook whose new headquarters located in MenloPark, California planned to submit IPO application documents to SEC early next year. This means the decision which banks will participate in the Facebook IPO will be made soon. Quoting another insider saying, some bankers are waiting for conference call about how they can be involved in some way into the Facebook IPO even during the holidays.
As Facebook IPO draws near, the Facebook’s executives and several Wall Street enterprises have held a series of meetings since the Thanksgiving day.
According to the data provider Dealogic’s data, Facebook’s issue scale may reach 100 billion U.S. dollars, which makes the valuation of the company $10 billion or more. The average issue expesne accounts for 2.2% of the issue scale, accoring to the IPOs whose scales are similar to Facebook, which means that the total cost of the Facebook IPO may reach $ 220 million.
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