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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.