Facebook's Bankers Will Split $176 Million In IPO Fees

JPMorgan facebook ipo flag

Photo: Instagram via Heidi Moore

Facebook’s bankers are going to split ~$176 million IPO fees, Bloomberg reports.The way it’s probably broken up, is 30% of the fees, or $52.8 million, go to the deal lead, Morgan Stanley, then 25%, or $44 million to co-lead JP Morgan, 25%, or $44 million, to co-lead Goldman, and the rest to the 30 other banks (which is $1.17 million on average).

For some context, when Groupon went public, bankers raked in $42 million in fees, but it only raised $700 million. Facebook raised $16 billion.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.